Short Interest in Pacer PE/VC ETF (NYSEARCA:PEVC) Decreases By 94.3%

Pacer PE/VC ETF (NYSEARCA:PEVC) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 169 shares, a drop of 94.3% from the April 30th total of 2,970 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,269 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Pacer PE/VC ETF

An institutional investor recently raised its position in Pacer PE/VC ETF stock. Royal Bank of Canada lifted its holdings in Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,848 shares of the company’s stock after buying an additional 5,269 shares during the period. Royal Bank of Canada owned about 7.31% of Pacer PE/VC ETF worth $152,000 as of its most recent SEC filing.

Pacer PE/VC ETF Price Performance

Shares of PEVC remained flat at $30.39 during trading hours on Wednesday. The stock had a trading volume of 122 shares, compared to its average volume of 1,583. The company has a market capitalization of $2.43 million, a P/E ratio of 30.12 and a beta of 1.34. The business’s 50 day moving average is $28.03 and its two-hundred day moving average is $28.31. Pacer PE/VC ETF has a 1-year low of $24.36 and a 1-year high of $32.21.

Pacer PE/VC ETF Company Profile

The Pacer PE/VC ETF (PEVC) is an exchange-traded fund that is based on the FTSE PE/VC index. The fund tracks an index that provides access to private equity (PE) buyouts and venture capital (VC) assets through shifting allocations between two sub-indices. Investments focus on US large-cap stocks, aiming to mirror the risk-return characteristics of private markets through equities, ETFs, and futures contracts. PEVC was launched on Feb 3, 2025 and is issued by Pacer.