Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Stock Short Interest Drops 53.0%

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 588 shares, a decline of 53.0% from the August 31st total of 1,252 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,974 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Several large investors have recently modified their holdings of TRND. Bank of America Corp DE boosted its stake in Pacer Trendpilot Fund of Funds ETF by 0.3% in the first quarter. Bank of America Corp DE now owns 188,403 shares of the company’s stock valued at $6,225,000 after acquiring an additional 513 shares during the period. Royal Bank of Canada raised its position in shares of 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 worth $591,000 after purchasing an additional 16,547 shares during the period. 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 purchasing an additional 5,700 shares during the last quarter. Retirement Planning Group LLC bought a new stake in shares of Pacer Trendpilot Fund of Funds ETF in the 1st quarter worth approximately $2,206,000. Finally, Gaddis Premier Wealth Advisors LLC acquired a new position in Pacer Trendpilot Fund of Funds ETF during the 4th quarter valued at approximately $654,000.

Pacer Trendpilot Fund of Funds ETF Price Performance

TRND traded down $0.04 during trading on Tuesday, hitting $36.82. The company had a trading volume of 13,650 shares, compared to its average volume of 3,622. The company has a market cap of $62.59 million, a PE ratio of 15.57 and a beta of 0.52. The business has a 50-day moving average of $37.01 and a 200-day moving average of $36.04. Pacer Trendpilot Fund of Funds ETF has a 1-year low of $30.59 and a 1-year high of $39.09.

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.