Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Sees Significant Decline in Short Interest

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of 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 daily volume of 3,421 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Pacer Trendpilot Fund of Funds ETF Price Performance

Shares of NYSEARCA:TRND traded up $0.11 during trading on Thursday, hitting $36.41. The company had a trading volume of 5,953 shares, compared to its average volume of 3,181. The stock has a market cap of $58.26 million, a price-to-earnings ratio of 15.57 and a beta of 0.51. The company has a fifty day simple moving average of $34.31 and a two-hundred day simple moving average of $34.34. Pacer Trendpilot Fund of Funds ETF has a one year low of $30.54 and a one year high of $36.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TRND. Cetera Investment Advisers lifted its holdings in shares of Pacer Trendpilot Fund of Funds ETF by 13.8% in 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. Retirement Planning Group LLC bought a new position in Pacer Trendpilot Fund of Funds ETF during the 1st quarter valued at about $2,206,000. Kestra Advisory Services LLC bought a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at about $183,000. Wells Fargo & Company MN purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the 4th quarter worth about $84,000. Finally, Gaddis Premier Wealth Advisors LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF in the 4th quarter worth about $654,000.

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.