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

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRND. Wells Fargo & Company MN purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the 4th quarter worth approximately $84,000. Kestra Advisory Services LLC purchased a new position in Pacer Trendpilot Fund of Funds ETF during the fourth quarter valued at approximately $183,000. Ausdal Financial Partners Inc. bought a new position in shares of Pacer Trendpilot Fund of Funds ETF in the third quarter worth approximately $275,000. Royal Bank of Canada increased its stake in shares of 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 worth $313,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of 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 in the last quarter.

Pacer Trendpilot Fund of Funds ETF Price Performance

Shares of NYSEARCA:TRND traded up $0.20 during midday trading on Friday, hitting $36.67. The company had a trading volume of 283 shares, compared to its average volume of 3,662. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.59 and a 12-month high of $38.00. The company has a fifty day moving average of $36.13 and a two-hundred day moving average of $34.90. The company has a market cap of $58.67 million, a price-to-earnings ratio of 15.57 and a beta of 0.52.

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.