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

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

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Pacer Trendpilot Fund of Funds ETF by 0.3% during the 1st quarter. Bank of America Corp DE now owns 188,403 shares of the company’s stock valued at $6,225,000 after purchasing an additional 513 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Pacer Trendpilot Fund of Funds ETF by 1.4% in the 3rd quarter. Raymond James Financial Inc. now owns 112,340 shares of the company’s stock worth $3,774,000 after purchasing an additional 1,600 shares in the last quarter. Wells Fargo & Company MN purchased a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth $84,000. Cetera Investment Advisers grew its stake in Pacer Trendpilot Fund of Funds ETF by 9.3% during the 4th quarter. Cetera Investment Advisers now owns 41,211 shares of the company’s stock worth $1,387,000 after buying an additional 3,506 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at about $183,000.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.4%

Shares of NYSEARCA TRND traded up $0.14 during trading hours on Wednesday, hitting $36.99. 602 shares of the stock were exchanged, compared to its average volume of 3,488. Pacer Trendpilot Fund of Funds ETF has a 12 month low of $30.59 and a 12 month high of $39.09. The firm has a fifty day moving average price of $36.91 and a 200-day moving average price of $35.73. The company has a market cap of $62.88 million, a PE ratio of 15.57 and a beta of 0.52.

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.