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

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

Pacer Trendpilot Fund of Funds ETF Price Performance

Pacer Trendpilot Fund of Funds ETF stock traded up $0.18 during midday trading on Friday, reaching $36.79. The company had a trading volume of 1,181 shares, compared to its average volume of 3,625. The company has a market capitalization of $58.86 million, a P/E ratio of 15.57 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.59 and a 12-month high of $38.00. The firm’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $34.73.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRND. Retirement Planning Group LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF in the 1st quarter valued at $2,206,000. Raymond James Financial Inc. raised its stake 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 valued at $3,537,000 after purchasing an additional 26,799 shares during the last quarter. Gaddis Premier Wealth Advisors LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF in the 4th quarter valued at $654,000. Royal Bank of Canada raised its stake in Pacer Trendpilot Fund of Funds ETF by 1,244.1% in the 1st quarter. Royal Bank of Canada now owns 17,877 shares of the company’s stock valued at $591,000 after purchasing an additional 16,547 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in Pacer Trendpilot Fund of Funds ETF by 100.0% in the 4th quarter. Prospera Financial Services Inc now owns 19,397 shares of the company’s stock valued at $653,000 after purchasing an additional 9,700 shares during the last quarter.

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.