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

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 21,426 shares, a decrease of 20.0% from the March 31st total of 26,782 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 14,201 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Pacer American Energy Independence ETF

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its stake 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 valued at $123,000 after acquiring an additional 361 shares in the last quarter. Lodestone Wealth Management LLC raised its holdings in Pacer American Energy Independence ETF by 7.9% in the third quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after acquiring an additional 538 shares in the last quarter. Magnolia Private Wealth LLC acquired a new stake in Pacer American Energy Independence ETF in the fourth quarter valued at approximately $475,000. Flow Traders U.S. LLC raised its holdings in Pacer American Energy Independence ETF by 44.8% in the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after acquiring an additional 6,399 shares in the last quarter. Finally, SL Advisors LLC raised its holdings in Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after acquiring an additional 12,430 shares in the last quarter.

Pacer American Energy Independence ETF Price Performance

Shares of NYSEARCA USAI traded up $1.28 during mid-day trading on Thursday, hitting $47.47. The company had a trading volume of 7,594 shares, compared to its average volume of 13,672. The company has a market capitalization of $109.18 million, a PE ratio of 19.96 and a beta of 0.70. Pacer American Energy Independence ETF has a 1-year low of $36.49 and a 1-year high of $48.83. The business’s 50-day simple moving average is $45.99 and its 200 day simple moving average is $41.37.

Pacer American Energy Independence ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.16 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, February 25th.

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.