Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Down 71.4% in June

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 71.4% from the May 31st total of 21 shares. Based on an average daily trading volume, of 39 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Pacer Industrials and Logistics ETF Stock Performance

Shares of SHPP traded up $0.18 during mid-day trading on Monday, hitting $33.39. 158 shares of the stock were exchanged, compared to its average volume of 229. The company has a market cap of $2.00 million, a PE ratio of 16.21 and a beta of 1.08. Pacer Industrials and Logistics ETF has a 52-week low of $27.44 and a 52-week high of $34.74. The firm has a 50-day moving average of $33.46 and a two-hundred day moving average of $31.75.

Institutional Investors Weigh In On Pacer Industrials and Logistics ETF

An institutional investor recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new position in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned approximately 13.78% of Pacer Industrials and Logistics ETF as of its most recent SEC filing.

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.