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

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,053 shares, an increase of 2,016.5% from the June 15th total of 97 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,869 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Pacer Trendpilot Fund of Funds ETF

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of Pacer Trendpilot Fund of Funds ETF by 0.3% in the 1st quarter. Bank of America Corp DE now owns 188,403 shares of the company’s stock valued at $6,225,000 after purchasing an additional 513 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Pacer Trendpilot Fund of Funds ETF by 1.4% in the third quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock valued at $3,774,000 after acquiring an additional 1,600 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at $84,000. Cetera Investment Advisers boosted its stake in Pacer Trendpilot Fund of Funds ETF by 9.3% during the 4th quarter. Cetera Investment Advisers now owns 41,211 shares of the company’s stock valued at $1,387,000 after acquiring an additional 3,506 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at $183,000.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of NYSEARCA TRND traded up $0.08 during midday trading on Friday, reaching $36.93. 91 shares of the company’s stock were exchanged, compared to its average volume of 3,478. Pacer Trendpilot Fund of Funds ETF has a 52-week low of $30.59 and a 52-week high of $38.00. The stock has a market capitalization of $62.78 million, a PE ratio of 15.57 and a beta of 0.52. The business’s fifty day moving average price is $36.56 and its two-hundred day moving average price is $35.09.

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.