Pacer American Energy Independence ETF (NYSEARCA:USAI) Sees Large Decrease in Short Interest

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 21,426 shares, a decline of 20.0% from the March 31st total of 26,782 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 14,201 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC boosted its position in shares of Pacer American Energy Independence ETF by 13.3% during the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock valued at $123,000 after acquiring an additional 361 shares during the last quarter. Lodestone Wealth Management LLC boosted its position in shares of Pacer American Energy Independence ETF by 7.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after acquiring an additional 538 shares during the last quarter. Magnolia Private Wealth LLC acquired a new position in shares of Pacer American Energy Independence ETF during the 4th quarter valued at about $475,000. Flow Traders U.S. LLC lifted its holdings in Pacer American Energy Independence ETF by 44.8% in the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after acquiring an additional 6,399 shares during the last quarter. Finally, SL Advisors LLC lifted its holdings in Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after acquiring an additional 12,430 shares during the last quarter.

Pacer American Energy Independence ETF Stock Up 2.8%

Shares of Pacer American Energy Independence ETF stock traded up $1.28 on Thursday, hitting $47.47. 7,594 shares of the company were exchanged, compared to its average volume of 13,672. The stock has a market capitalization of $109.18 million, a price-to-earnings ratio of 19.96 and a beta of 0.70. The company has a 50-day moving average price of $45.99 and a 200 day moving average price of $41.37. Pacer American Energy Independence ETF has a 1-year low of $36.49 and a 1-year high of $48.83.

Pacer American Energy Independence ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.