Pacer American Energy Independence ETF (NYSEARCA:USAI) Stock Short Interest Rises 131.0%

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 27,349 shares, a growth of 131.0% from the September 15th total of 11,839 shares. Based on an average daily trading volume, of 10,975 shares, the short-interest ratio is currently 2.5 days. Currently, 1.1% of the shares of the company are short sold.

Pacer American Energy Independence ETF Stock Performance

Shares of Pacer American Energy Independence ETF stock opened at $45.36 on Thursday. The firm has a 50-day simple moving average of $46.33 and a two-hundred day simple moving average of $46.19. Pacer American Energy Independence ETF has a fifty-two week low of $36.49 and a fifty-two week high of $49.14. The company has a market cap of $122.47 million, a P/E ratio of 19.96 and a beta of 0.67.

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.