Pacer American Energy Independence ETF (NYSEARCA:USAI) Sees Large Decrease in Short Interest

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,222 shares, a decrease of 63.0% from the December 31st total of 3,304 shares. Based on an average trading volume of 15,730 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 15,730 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

A number of large investors have recently bought and sold shares of USAI. CoreCap Advisors LLC raised its holdings in shares of Pacer American Energy Independence ETF by 13.3% in the third quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after acquiring an additional 361 shares during the last quarter. Lodestone Wealth Management LLC raised its stake in Pacer American Energy Independence ETF by 7.9% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after purchasing an additional 538 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Pacer American Energy Independence ETF in the 2nd quarter valued at about $582,000. Finally, SL Advisors LLC boosted its stake 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 worth $3,658,000 after purchasing an additional 12,430 shares during the last quarter.

Pacer American Energy Independence ETF Stock Performance

Shares of USAI stock opened at $40.48 on Wednesday. The stock has a market cap of $85.01 million, a PE ratio of 19.96 and a beta of 0.85. Pacer American Energy Independence ETF has a 1 year low of $34.20 and a 1 year high of $42.76. The stock has a fifty day moving average price of $38.37 and a 200 day moving average price of $38.73.

Pacer American Energy Independence ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were given a dividend of $0.16 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Thursday, January 22nd.

Pacer American Energy Independence ETF Company Profile

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.