Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Up 35.4% in March

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 6,741 shares, a growth of 35.4% from the February 26th total of 4,980 shares. Based on an average trading volume of 3,373 shares, the short-interest ratio is currently 2.0 days. Currently, 0.4% of the shares of the stock are short sold.

Pacer Trendpilot Fund of Funds ETF Trading Down 0.3%

NYSEARCA:TRND opened at $32.41 on Tuesday. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.54 and a 12-month high of $35.85. The stock has a 50-day moving average price of $34.27 and a 200 day moving average price of $34.09. The stock has a market capitalization of $51.86 million, a P/E ratio of 15.57 and a beta of 0.53.

Institutional Investors Weigh In On Pacer Trendpilot Fund of Funds ETF

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its position in shares of Pacer Trendpilot Fund of Funds ETF by 1.4% during the third quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock valued at $3,774,000 after buying an additional 1,600 shares during the last quarter. Wells Fargo & Company MN bought a new position in shares of Pacer Trendpilot Fund of Funds ETF during the fourth quarter worth $84,000. Bank of America Corp DE boosted its position in shares of Pacer Trendpilot Fund of Funds ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 184,012 shares of the company’s stock worth $5,877,000 after acquiring an additional 2,939 shares during the last quarter. Cetera Investment Advisers grew its stake in Pacer Trendpilot Fund of Funds ETF by 9.3% during the fourth 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 in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Pacer Trendpilot Fund of Funds ETF in the 4th quarter valued at $183,000.

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.