Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Up 433.1% in December

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 9,105 shares, a growth of 433.1% from the November 30th total of 1,708 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 3,563 shares, the short-interest ratio is presently 2.6 days. Based on an average trading volume of 3,563 shares, the short-interest ratio is presently 2.6 days. Currently, 0.6% of the company’s stock are sold short.

Pacer Trendpilot Fund of Funds ETF Trading Down 0.1%

Pacer Trendpilot Fund of Funds ETF stock opened at $34.79 on Friday. The company has a market cap of $55.66 million, a P/E ratio of 15.57 and a beta of 0.53. Pacer Trendpilot Fund of Funds ETF has a 1-year low of $30.54 and a 1-year high of $34.82. The company has a fifty day simple moving average of $34.12 and a 200 day simple moving average of $33.11.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Hedge funds have recently modified their holdings of the stock. Napa Wealth Management raised its position in Pacer Trendpilot Fund of Funds ETF by 306.6% during the second quarter. Napa Wealth Management now owns 79,709 shares of the company’s stock worth $2,546,000 after acquiring an additional 60,104 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Pacer Trendpilot Fund of Funds ETF by 31.9% during the 2nd quarter. Raymond James Financial Inc. now owns 110,740 shares of the company’s stock worth $3,537,000 after purchasing an additional 26,799 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the 2nd quarter valued at about $358,000. Prospera Financial Services Inc acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at about $326,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in Pacer Trendpilot Fund of Funds ETF in the 3rd quarter valued at about $275,000.

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.