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

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,638 shares, a decline of 78.0% from the May 14th total of 7,459 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 5,440 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRND. Royal Bank of Canada increased its position in Pacer Trendpilot Fund of Funds ETF by 301.4% in the 1st quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock worth $313,000 after buying an additional 7,310 shares during the period. Raymond James Financial Inc. increased its position in Pacer Trendpilot Fund of Funds ETF by 31.9% in the 2nd quarter. Raymond James Financial Inc. now owns 110,740 shares of the company’s stock worth $3,537,000 after buying an additional 26,799 shares during the period. Bank of America Corp DE increased its position in Pacer Trendpilot Fund of Funds ETF by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 184,012 shares of the company’s stock worth $5,877,000 after buying an additional 2,939 shares during the period. Prospera Financial Services Inc bought a new position in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter worth approximately $326,000. Finally, Ausdal Financial Partners Inc. bought a new position in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter worth approximately $275,000.

Pacer Trendpilot Fund of Funds ETF Stock Up 2.3%

NYSEARCA TRND traded up $0.82 during trading on Thursday, hitting $36.61. The company’s stock had a trading volume of 4,190 shares, compared to its average volume of 3,648. The firm has a 50 day moving average price of $35.50 and a 200 day moving average price of $34.71. The firm has a market cap of $58.58 million, a P/E ratio of 15.57 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a 52 week low of $30.59 and a 52 week high of $38.00.

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.