Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Sees Significant Increase in Short Interest

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 172 shares, a growth of 2,357.1% from the June 30th total of 7 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 194 shares, the days-to-cover ratio is presently 0.9 days.

Pacer Industrials and Logistics ETF Stock Performance

Shares of NYSEARCA SHPP opened at $34.70 on Friday. The company’s 50 day moving average price is $33.92 and its 200-day moving average price is $32.35. Pacer Industrials and Logistics ETF has a 52-week low of $27.44 and a 52-week high of $34.81. The company has a market capitalization of $2.08 million, a P/E ratio of 16.21 and a beta of 1.08.

Institutional Inflows and Outflows

An institutional investor 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 Form 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 at the end of the most recent reporting period.

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.