Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Significant Growth in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,394 shares, an increase of 346.8% from the June 15th total of 312 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,469 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several institutional investors have recently made changes to their positions in PEXL. Jane Street Group LLC boosted its position in shares of Pacer US Export Leaders ETF by 211.3% during the 1st quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock worth $892,000 after purchasing an additional 13,266 shares in the last quarter. Susquehanna International Group LLP increased its position in Pacer US Export Leaders ETF by 34.7% in the 3rd quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock valued at $1,587,000 after buying an additional 7,129 shares in the last quarter. Osaic Holdings Inc. raised its stake in Pacer US Export Leaders ETF by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after buying an additional 6,388 shares during the period. Western Wealth Management LLC acquired a new position in Pacer US Export Leaders ETF during the 4th quarter worth approximately $209,000. Finally, LPL Financial LLC boosted its holdings in Pacer US Export Leaders ETF by 8.1% in the fourth quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock worth $1,996,000 after acquiring an additional 2,443 shares in the last quarter.

Pacer US Export Leaders ETF Price Performance

Shares of NYSEARCA:PEXL traded down $1.68 during mid-day trading on Monday, hitting $72.67. The company had a trading volume of 945 shares, compared to its average volume of 2,324. Pacer US Export Leaders ETF has a one year low of $52.23 and a one year high of $75.84. The firm has a fifty day moving average price of $72.43 and a 200 day moving average price of $65.84. The company has a market capitalization of $52.32 million, a PE ratio of 21.77 and a beta of 1.25.

Pacer US Export Leaders ETF Company Profile

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.