Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Update

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 945 shares, a decline of 41.3% from the July 30th total of 1,609 shares. Based on an average trading volume of 2,897 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of NYSEARCA:TRND traded down $0.42 during trading on Tuesday, hitting $36.78. The company’s stock had a trading volume of 401 shares, compared to its average volume of 3,506. The company has a market capitalization of $62.53 million, a PE ratio of 15.57 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a fifty-two week low of $30.59 and a fifty-two week high of $39.09. The stock’s 50-day moving average price is $36.90 and its two-hundred day moving average price is $35.72.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake 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 acquiring an additional 513 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Pacer Trendpilot Fund of Funds ETF by 1.4% in the 3rd quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock valued at $3,774,000 after purchasing an additional 1,600 shares in the last quarter. Retirement Planning Group LLC bought a new position in shares of Pacer Trendpilot Fund of Funds ETF during the first quarter worth about $2,206,000. Cetera Investment Advisers grew its stake in Pacer Trendpilot Fund of Funds ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 46,911 shares of the company’s stock worth $1,550,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Gaddis Premier Wealth Advisors LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF in the fourth quarter worth about $654,000.

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.