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

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 9,105 shares, a growth of 433.1% from the November 30th total of 1,708 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 3,563 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 3,563 shares, the short-interest ratio is currently 2.6 days. Currently, 0.6% of the company’s stock are sold short.

Pacer Trendpilot Fund of Funds ETF Stock Up 0.3%

Shares of NYSEARCA:TRND opened at $34.81 on Thursday. The business’s 50 day moving average is $34.07 and its 200 day moving average is $33.08. Pacer Trendpilot Fund of Funds ETF has a 12-month low of $30.54 and a 12-month high of $34.81. The stock has a market cap of $55.70 million, a price-to-earnings ratio of 15.57 and a beta of 0.53.

Hedge Funds Weigh In On Pacer Trendpilot Fund of Funds ETF

Hedge funds have recently modified their holdings of the company. Ausdal Financial Partners Inc. purchased a new stake in shares of Pacer Trendpilot Fund of Funds ETF during the 3rd quarter valued at $275,000. Royal Bank of Canada grew its position in Pacer Trendpilot Fund of Funds ETF by 301.4% during the first quarter. Royal Bank of Canada now owns 9,735 shares of the company’s stock valued at $313,000 after buying an additional 7,310 shares during the period. Prospera Financial Services Inc bought a new position in Pacer Trendpilot Fund of Funds ETF during the third quarter valued at about $326,000. Stratos Wealth Partners LTD. purchased a new stake in Pacer Trendpilot Fund of Funds ETF during the second quarter worth about $358,000. Finally, Envestnet Asset Management Inc. raised its position 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 worth $383,000 after acquiring an additional 442 shares during the period.

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.