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

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

Institutional Investors Weigh In On Pacer Industrials and Logistics ETF

A hedge fund recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new position in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) in the 4th quarter, according to the company in its most recent 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 about 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent quarter.

Pacer Industrials and Logistics ETF Stock Performance

SHPP stock traded down $0.03 during mid-day trading on Friday, reaching $33.18. The company had a trading volume of 15 shares, compared to its average volume of 228. The firm has a fifty day simple moving average of $33.46 and a 200 day simple moving average of $31.73. The company has a market capitalization of $1.99 million, a price-to-earnings ratio of 16.21 and a beta of 1.08. Pacer Industrials and Logistics ETF has a fifty-two week low of $27.44 and a fifty-two week high of $34.74.

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.