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

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,053 shares, a growth of 2,016.5% from the June 15th total of 97 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 3,869 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Pacer Trendpilot Fund of Funds ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Retirement Planning Group LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF during the first quarter worth $2,206,000. Raymond James Financial Inc. lifted its stake in Pacer Trendpilot Fund of Funds ETF by 31.9% during the 2nd quarter. Raymond James Financial Inc. now owns 110,740 shares of the company’s stock worth $3,537,000 after acquiring an additional 26,799 shares in the last quarter. Gaddis Premier Wealth Advisors LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth about $654,000. Royal Bank of Canada boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 1,244.1% during the 1st quarter. Royal Bank of Canada now owns 17,877 shares of the company’s stock valued at $591,000 after acquiring an additional 16,547 shares during the period. Finally, Prospera Financial Services Inc boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 100.0% during the 4th quarter. Prospera Financial Services Inc now owns 19,397 shares of the company’s stock valued at $653,000 after acquiring an additional 9,700 shares during the period.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.2%

Shares of Pacer Trendpilot Fund of Funds ETF stock traded up $0.08 during mid-day trading on Friday, hitting $36.93. The stock had a trading volume of 91 shares, compared to its average volume of 3,478. The firm has a 50-day moving average of $36.56 and a two-hundred day moving average of $35.09. The firm has a market cap of $62.78 million, a P/E ratio of 15.57 and a beta of 0.52. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.59 and a 12-month high of $38.00.

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.