Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) Short Interest Up 433.1% in December

Pacer Trendpilot Fund of Funds ETF (NYSEARCA:TRND) saw a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 3,563 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 3,563 shares, the days-to-cover ratio is presently 2.6 days.

Pacer Trendpilot Fund of Funds ETF Price Performance

TRND opened at $34.81 on Thursday. Pacer Trendpilot Fund of Funds ETF has a fifty-two week low of $30.54 and a fifty-two week high of $34.81. The company’s 50 day moving average price is $34.07 and its two-hundred day moving average price is $33.08. The firm has a market capitalization of $55.70 million, a price-to-earnings ratio of 15.57 and a beta of 0.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of 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 worth $313,000 after acquiring an additional 7,310 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Pacer Trendpilot Fund of Funds ETF during the 2nd quarter valued at approximately $358,000. Envestnet Asset Management Inc. raised its holdings in Pacer Trendpilot Fund of Funds ETF by 3.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,992 shares of the company’s stock worth $383,000 after purchasing an additional 442 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Pacer Trendpilot Fund of Funds ETF by 19.3% in the 2nd quarter. Cetera Investment Advisers now owns 30,474 shares of the company’s stock worth $973,000 after purchasing an additional 4,927 shares during the period. Finally, Napa Wealth Management lifted its position in shares of Pacer Trendpilot Fund of Funds ETF by 306.6% in the 2nd quarter. Napa Wealth Management now owns 79,709 shares of the company’s stock worth $2,546,000 after purchasing an additional 60,104 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.