Short Interest in Pacer American Energy Independence ETF (NYSEARCA:USAI) Declines By 52.1%

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 6,992 shares, a decrease of 52.1% from the November 30th total of 14,605 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,805 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 11,805 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

Pacer American Energy Independence ETF Trading Down 0.2%

Shares of USAI stock traded down $0.08 during trading hours on Friday, hitting $37.98. 7,939 shares of the company’s stock were exchanged, compared to its average volume of 13,679. The company has a market capitalization of $81.66 million, a PE ratio of 19.96 and a beta of 0.85. Pacer American Energy Independence ETF has a 12-month low of $34.20 and a 12-month high of $43.98. The business’s 50 day simple moving average is $37.80 and its 200-day simple moving average is $38.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of USAI. Flow Traders U.S. LLC increased its stake in 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 worth $825,000 after purchasing an additional 6,399 shares during the period. Lodestone Wealth Management LLC boosted its position in Pacer American Energy Independence ETF by 7.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after buying an additional 538 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of Pacer American Energy Independence ETF by 13.3% during 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 during the last quarter.

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.