Short Interest in Pacer American Energy Independence ETF (NYSEARCA:USAI) Grows By 65.0%

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 32,878 shares, a growth of 65.0% from the April 30th total of 19,922 shares. Based on an average daily volume of 8,396 shares, the short-interest ratio is currently 3.9 days. Approximately 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SL Advisors LLC increased its holdings in Pacer American Energy Independence ETF by 14.9% during the 4th quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after purchasing an additional 12,430 shares during the period. Magnolia Private Wealth LLC purchased a new position in Pacer American Energy Independence ETF during the 4th quarter valued at about $475,000. Finally, Flow Traders U.S. LLC increased its holdings in Pacer American Energy Independence ETF by 44.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after purchasing an additional 6,399 shares during the period.

Pacer American Energy Independence ETF Price Performance

Shares of NYSEARCA:USAI opened at $45.78 on Thursday. Pacer American Energy Independence ETF has a 1 year low of $36.49 and a 1 year high of $49.14. The company has a market cap of $105.29 million, a PE ratio of 19.96 and a beta of 0.65. The stock’s 50-day moving average is $46.30 and its 200 day moving average is $42.87.

About Pacer American Energy Independence ETF

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.