Short Interest in Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Rises By 74.1%

Pacer Industrial Real Estate ETF (NYSEARCA:INDS) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,463 shares, a growth of 74.1% from the June 30th total of 7,157 shares. Based on an average trading volume of 13,151 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short.

Pacer Industrial Real Estate ETF Stock Performance

NYSEARCA:INDS opened at $42.08 on Friday. The business’s fifty day moving average is $40.75 and its 200 day moving average is $39.69. Pacer Industrial Real Estate ETF has a 52-week low of $33.99 and a 52-week high of $43.04. The firm has a market cap of $117.82 million, a price-to-earnings ratio of 24.92 and a beta of 1.06.

About Pacer Industrial Real Estate ETF

The Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of developed market companies that derive at least 85% of their revenue from industrial real estate activities. INDS was launched on May 14, 2018 and is managed by Pacer.