Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Up 200.0% in April

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 84 shares, a growth of 200.0% from the April 15th total of 28 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 403 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the SEC.

Pacer Industrials and Logistics ETF Price Performance

Shares of NYSEARCA SHPP traded down $0.20 during mid-day trading on Friday, reaching $33.26. 220 shares of the company’s stock were exchanged, compared to its average volume of 266. The firm has a market capitalization of $2.00 million, a price-to-earnings ratio of 16.21 and a beta of 1.09. Pacer Industrials and Logistics ETF has a 52 week low of $27.28 and a 52 week high of $33.58. The firm has a 50-day moving average price of $31.60 and a two-hundred day moving average price of $30.67.

Pacer Industrials and Logistics ETF Company Profile

The Pacer Industrials and Logistics ETF (SHPP) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a market cap-weighted index of global companies engaged in transportation, logistics software and hardware, as well as the ancillary services that support the global distribution supply chains. SHPP was launched on Jun 8, 2022 and is managed by Pacer.