Short Interest in Pacer American Energy Independence ETF (NYSEARCA:USAI) Declines By 53.9%

Pacer American Energy Independence ETF (NYSEARCA:USAIGet Free Report) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 11,055 shares, a decrease of 53.9% from the June 15th total of 23,989 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 13,337 shares, the short-interest ratio is currently 0.8 days.

Pacer American Energy Independence ETF Stock Down 1.2%

Shares of Pacer American Energy Independence ETF stock traded down $0.57 during midday trading on Wednesday, hitting $46.56. The company’s stock had a trading volume of 5,134 shares, compared to its average volume of 12,706. Pacer American Energy Independence ETF has a 1-year low of $36.49 and a 1-year high of $49.14. The firm has a market capitalization of $116.40 million, a P/E ratio of 19.96 and a beta of 0.61. The stock has a 50-day simple moving average of $46.12 and a 200-day simple moving average of $44.42.

Hedge Funds Weigh In On Pacer American Energy Independence ETF

Several institutional investors and hedge funds have recently bought and sold shares of USAI. Magnolia Private Wealth LLC purchased a new stake in shares of Pacer American Energy Independence ETF during the fourth quarter worth $475,000. SL Advisors LLC lifted its holdings in shares of 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 buying an additional 12,430 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of Pacer American Energy Independence ETF by 44.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after buying an additional 6,399 shares in the last quarter.

Pacer American Energy Independence ETF Company Profile

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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.

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