Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Stock Short Interest Report for October

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 1,765 shares, a growth of 283.7% from the October 15th total of 460 shares. Based on an average daily trading volume, of 1,472 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.

Pacer Trendpilot Fund of Funds ETF Stock Down 0.4%

Shares of Pacer Trendpilot Fund of Funds ETF stock traded down $0.13 during trading hours on Friday, hitting $35.89. 807 shares of the company’s stock traded hands, compared to its average volume of 3,406. The stock has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $35.90. The company has a market cap of $61.01 million, a PE ratio of 22.48 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a twelve month low of $30.59 and a twelve month high of $39.09.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in Pacer Trendpilot Fund of Funds ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 188,403 shares of the company’s stock valued at $6,225,000 after purchasing an additional 513 shares during the period. CX Institutional bought a new position in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth $30,000. Harbour Investments Inc. bought a new position in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth $53,000. Cetera Investment Advisers grew its stake in Pacer Trendpilot Fund of Funds ETF by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 46,911 shares of the company’s stock worth $1,550,000 after buying an additional 5,700 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the third quarter worth $245,000.

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.