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 decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,008 shares, a decrease of 85.4% from the April 15th total of 6,918 shares. Based on an average trading volume of 3,421 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

A number of hedge funds have recently added to or reduced their stakes in TRND. Raymond James Financial Inc. boosted its position in Pacer Trendpilot Fund of Funds ETF by 1.4% during the third quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock worth $3,774,000 after purchasing an additional 1,600 shares during the period. Wells Fargo & Company MN bought a new stake in Pacer Trendpilot Fund of Funds ETF during the fourth quarter worth approximately $84,000. Bank of America Corp DE boosted its position in Pacer Trendpilot Fund of Funds ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 184,012 shares of the company’s stock worth $5,877,000 after purchasing an additional 2,939 shares during the period. Cetera Investment Advisers boosted its position in Pacer Trendpilot Fund of Funds ETF by 9.3% during the fourth quarter. Cetera Investment Advisers now owns 41,211 shares of the company’s stock worth $1,387,000 after purchasing an additional 3,506 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Pacer Trendpilot Fund of Funds ETF during the fourth quarter worth approximately $183,000.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of NYSEARCA TRND traded down $0.20 during mid-day trading on Tuesday, reaching $36.09. The company had a trading volume of 4,021 shares, compared to its average volume of 3,177. Pacer Trendpilot Fund of Funds ETF has a twelve month low of $30.54 and a twelve month high of $36.39. The stock has a market capitalization of $57.74 million, a PE ratio of 15.57 and a beta of 0.51. The stock’s 50 day moving average is $34.22 and its 200-day moving average is $34.30.

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.