Short Interest in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Declines By 41.3%

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 945 shares, a decrease of 41.3% from the July 30th total of 1,609 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,897 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Pacer Trendpilot Fund of Funds ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN bought a new position in shares of Pacer Trendpilot Fund of Funds ETF in the fourth quarter worth about $84,000. Kestra Advisory Services LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the 4th quarter worth approximately $183,000. Ausdal Financial Partners Inc. bought a new stake in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth approximately $275,000. Royal Bank of Canada raised its stake in Pacer Trendpilot Fund of Funds ETF by 301.4% during the 1st quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock worth $313,000 after acquiring an additional 7,310 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in Pacer Trendpilot Fund of Funds ETF by 85.9% during the third quarter. Susquehanna International Group LLP now owns 15,454 shares of the company’s stock valued at $519,000 after purchasing an additional 7,140 shares in the last quarter.

Pacer Trendpilot Fund of Funds ETF Price Performance

Pacer Trendpilot Fund of Funds ETF stock traded down $0.13 during midday trading on Monday, reaching $37.12. 4,144 shares of the company traded hands, compared to its average volume of 3,507. The firm has a market capitalization of $63.10 million, a price-to-earnings ratio of 15.57 and a beta of 0.52. The business has a 50 day moving average of $36.90 and a two-hundred day moving average of $35.71. Pacer Trendpilot Fund of Funds ETF has a 12 month low of $30.59 and a 12 month high of $39.09.

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.