Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Sees Large Decline in Short Interest

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 88 shares, a decline of 48.8% from the July 15th total of 172 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 151 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Pacer Industrials and Logistics ETF

An institutional investor 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) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent quarter.

Pacer Industrials and Logistics ETF Trading Up 0.5%

SHPP traded up $0.18 during trading hours on Monday, hitting $35.73. 253 shares of the company’s stock were exchanged, compared to its average volume of 218. The firm has a market cap of $2.14 million, a P/E ratio of 16.21 and a beta of 1.07. Pacer Industrials and Logistics ETF has a 12-month low of $27.44 and a 12-month high of $35.73. The firm has a 50 day moving average of $34.22 and a 200 day moving average of $32.89.

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.