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

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,459 shares, a growth of 640.0% from the April 30th total of 1,008 shares. Based on an average trading volume of 8,056 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are sold short.

Pacer Trendpilot Fund of Funds ETF Price Performance

Shares of TRND stock opened at $36.96 on Friday. The business’s 50 day simple moving average is $34.85 and its 200 day simple moving average is $34.52. Pacer Trendpilot Fund of Funds ETF has a one year low of $30.59 and a one year high of $36.97. The stock has a market capitalization of $59.14 million, a PE ratio of 15.57 and a beta of 0.51.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

Several institutional investors have recently added to or reduced their stakes in TRND. Wells Fargo & Company MN bought a new stake in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $84,000. Kestra Advisory Services LLC bought a new stake in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $183,000. Ausdal Financial Partners Inc. bought a new stake in Pacer Trendpilot Fund of Funds ETF in the third quarter valued at approximately $275,000. Royal Bank of Canada boosted its holdings 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 acquiring an additional 7,310 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Pacer Trendpilot Fund of Funds ETF in the third quarter valued at approximately $326,000.

About Pacer Trendpilot Fund of Funds ETF

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.