Short Interest in Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Decreases By 44.1%

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,094 shares, a decrease of 44.1% from the December 15th total of 9,105 shares. Based on an average daily trading volume, of 3,070 shares, the short-interest ratio is presently 1.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,070 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ausdal Financial Partners Inc. purchased a new position in Pacer Trendpilot Fund of Funds ETF in the third quarter valued at $275,000. Royal Bank of Canada increased its holdings in shares of Pacer Trendpilot Fund of Funds ETF by 301.4% in the 1st quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock valued at $313,000 after acquiring an additional 7,310 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth about $326,000. Stratos Wealth Partners LTD. purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the second quarter worth approximately $358,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Pacer Trendpilot Fund of Funds ETF by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 11,992 shares of the company’s stock valued at $383,000 after purchasing an additional 442 shares in the last quarter.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.3%

Pacer Trendpilot Fund of Funds ETF stock traded up $0.12 during trading on Thursday, reaching $34.54. The stock had a trading volume of 1,011 shares, compared to its average volume of 2,611. Pacer Trendpilot Fund of Funds ETF has a 52-week low of $30.54 and a 52-week high of $35.85. The stock has a market cap of $55.26 million, a PE ratio of 15.57 and a beta of 0.53. The business has a 50 day moving average price of $34.17 and a 200 day moving average price of $33.39.

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.