Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 7,459 shares, a growth of 640.0% from the April 30th total of 1,008 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 8,056 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of 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 valued at $1,387,000 after buying an additional 3,506 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth about $183,000. Wells Fargo & Company MN purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the 4th quarter worth about $84,000. Susquehanna International Group LLP lifted its holdings in Pacer Trendpilot Fund of Funds ETF by 85.9% during the 3rd quarter. Susquehanna International Group LLP now owns 15,454 shares of the company’s stock worth $519,000 after purchasing an additional 7,140 shares in the last quarter. Finally, Ausdal Financial Partners Inc. purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the 3rd quarter worth about $275,000.
Pacer Trendpilot Fund of Funds ETF Stock Performance
NYSEARCA:TRND traded up $0.14 during trading on Thursday, reaching $36.89. The company’s stock had a trading volume of 4,962 shares, compared to its average volume of 3,432. Pacer Trendpilot Fund of Funds ETF has a 12 month low of $30.59 and a 12 month high of $36.89. The firm has a 50 day moving average of $34.72 and a 200-day moving average of $34.48. The firm has a market cap of $59.02 million, a price-to-earnings ratio of 15.57 and a beta of 0.51.
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.
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