Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Update

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRNDGet Free Report) saw a significant decrease in short interest in 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 shares of the company are sold short.

Institutional Investors Weigh In On Pacer Trendpilot Fund of Funds ETF

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $84,000. Kestra Advisory Services LLC bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the fourth quarter valued at approximately $183,000. Ausdal Financial Partners Inc. bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the third quarter valued at approximately $275,000. Royal Bank of Canada lifted its position in Pacer Trendpilot Fund of Funds ETF by 301.4% in the first quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock worth $313,000 after purchasing an additional 7,310 shares during the period. Finally, Prospera Financial Services Inc bought a new position in Pacer Trendpilot Fund of Funds ETF in the third quarter worth $326,000.

Pacer Trendpilot Fund of Funds ETF Stock Performance

Shares of TRND traded down $0.20 during mid-day trading on Tuesday, hitting $36.09. The company’s stock had a trading volume of 4,021 shares, compared to its average volume of 3,177. Pacer Trendpilot Fund of Funds ETF has a one year low of $30.54 and a one year high of $36.39. The firm 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 two-hundred day moving average is $34.30.

Pacer Trendpilot Fund of Funds ETF Company Profile

(Get Free Report)

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.

Further Reading

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