Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 172 shares, an increase of 2,357.1% from the June 30th total of 7 shares. Based on an average daily trading volume, of 194 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds 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 bought a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent reporting period.
Pacer Industrials and Logistics ETF Trading Up 1.0%
NYSEARCA SHPP traded up $0.34 during trading on Friday, hitting $34.70. 14 shares of the company’s stock were exchanged, compared to its average volume of 222. The stock’s 50 day moving average price is $33.92 and its two-hundred day moving average price is $32.35. Pacer Industrials and Logistics ETF has a fifty-two week low of $27.44 and a fifty-two week high of $34.81. The company has a market cap of $2.08 million, a PE ratio of 16.21 and a beta of 1.08.
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.
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