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 growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,459 shares, a growth of 640.0% from the April 30th total of 1,008 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 8,056 shares, the days-to-cover ratio is currently 0.9 days.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.4%

Shares of Pacer Trendpilot Fund of Funds ETF stock traded up $0.14 during trading on Thursday, hitting $36.89. 4,962 shares of the stock traded hands, compared to its average volume of 3,432. The stock has a market cap of $59.02 million, a price-to-earnings ratio of 15.57 and a beta of 0.51. The firm’s fifty day moving average is $34.72 and its 200-day moving average is $34.48. Pacer Trendpilot Fund of Funds ETF has a 52 week low of $30.59 and a 52 week high of $36.89.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Pacer Trendpilot Fund of Funds ETF by 0.3% during 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 during the last quarter. Raymond James Financial Inc. increased its position in shares of Pacer Trendpilot Fund of Funds ETF by 1.4% during the 3rd quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock valued at $3,774,000 after purchasing an additional 1,600 shares during the last quarter. Retirement Planning Group LLC bought a new position in shares of Pacer Trendpilot Fund of Funds ETF during the 1st quarter valued at about $2,206,000. Cetera Investment Advisers grew its position in Pacer Trendpilot Fund of Funds ETF by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 46,911 shares of the company’s stock worth $1,550,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Gaddis Premier Wealth Advisors LLC bought a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth approximately $654,000.

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.