Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Down 94.1% in June

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the fourth quarter worth approximately $84,000. Kestra Advisory Services LLC acquired a new stake in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at approximately $183,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at about $275,000. Royal Bank of Canada lifted its holdings in Pacer Trendpilot Fund of Funds ETF by 301.4% during 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 last quarter. Finally, Susquehanna International Group LLP boosted its holdings 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 worth $519,000 after purchasing an additional 7,140 shares during the period.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.6%

Shares of NYSEARCA TRND traded up $0.21 during midday trading on Thursday, hitting $36.68. The stock had a trading volume of 186 shares, compared to its average volume of 3,662. Pacer Trendpilot Fund of Funds ETF has a 1-year low of $30.59 and a 1-year high of $38.00. The company has a market capitalization of $58.69 million, a price-to-earnings ratio of 15.57 and a beta of 0.52. The company has a fifty day moving average price of $36.13 and a 200 day moving average price of $34.90.

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.