Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Significant Drop in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,139 shares, a decline of 55.7% from the August 15th total of 16,098 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 2,423 shares, the days-to-cover ratio is currently 2.9 days.

Pacer US Export Leaders ETF Stock Performance

Shares of NYSEARCA PEXL traded down $0.42 during midday trading on Tuesday, reaching $70.48. 151 shares of the stock were exchanged, compared to its average volume of 2,177. The company has a 50 day simple moving average of $71.73 and a 200 day simple moving average of $68.74. The stock has a market capitalization of $50.75 million, a P/E ratio of 21.77 and a beta of 1.25. Pacer US Export Leaders ETF has a twelve month low of $55.51 and a twelve month high of $75.84.

Institutional Investors Weigh In On Pacer US Export Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC lifted its stake in shares of Pacer US Export Leaders ETF by 1.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after purchasing an additional 185 shares during the last quarter. Signature Equity Partners LLC increased its position in shares of Pacer US Export Leaders ETF by 3.3% during the 1st quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after purchasing an additional 187 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Pacer US Export Leaders ETF by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock valued at $241,000 after buying an additional 162 shares during the period. Western Wealth Management LLC purchased a new stake in Pacer US Export Leaders ETF in the 4th quarter valued at about $209,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Pacer US Export Leaders ETF in the second quarter valued at about $62,000.

Pacer US Export Leaders ETF Company Profile

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.