Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Sees Significant Decline in Short Interest

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 97 shares, a decrease of 94.1% from the May 31st total of 1,638 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,558 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at approximately $84,000. Kestra Advisory Services LLC acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the fourth quarter worth $183,000. Ausdal Financial Partners Inc. bought a new stake in Pacer Trendpilot Fund of Funds ETF in the third quarter valued at $275,000. Royal Bank of Canada lifted its stake in Pacer Trendpilot Fund of Funds ETF by 301.4% in the first quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock valued at $313,000 after buying an additional 7,310 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Pacer Trendpilot Fund of Funds ETF by 85.9% in the third quarter. Susquehanna International Group LLP now owns 15,454 shares of the company’s stock valued at $519,000 after buying an additional 7,140 shares during the last quarter.

Pacer Trendpilot Fund of Funds ETF Trading Up 0.6%

NYSEARCA TRND traded up $0.21 during trading hours on Thursday, reaching $36.68. The company’s stock had a trading volume of 186 shares, compared to its average volume of 3,662. The business has a 50-day simple moving average of $36.13 and a 200 day simple moving average of $34.90. Pacer Trendpilot Fund of Funds ETF has a 52 week low of $30.59 and a 52 week high of $38.00. The stock has a market cap of $58.69 million, a PE ratio of 15.57 and a beta of 0.52.

Pacer Trendpilot Fund of Funds ETF Company Profile

The Pacer Trendpilot Fund of Funds ETF (TRND) is an exchange-traded fund that is based on the Pacer Trendpilot Fund of Funds index. TRND, a fund of funds, provides exposure to large- and mid-cap companies in developed markets including the US. Its underlying funds use momentum to toggle to cash at 50% or 100%. TRND was launched on May 3, 2019 and is managed by Pacer.