Short Interest in Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Rises By 590.2%

Pacer Industrial Real Estate ETF (NYSEARCA:INDS) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,157 shares, an increase of 590.2% from the June 15th total of 1,037 shares. Based on an average trading volume of 9,257 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Pacer Industrial Real Estate ETF Stock Performance

INDS stock traded up $0.22 during trading on Friday, hitting $40.88. 5,043 shares of the company traded hands, compared to its average volume of 11,390. The firm has a market capitalization of $114.46 million, a PE ratio of 24.92 and a beta of 1.06. Pacer Industrial Real Estate ETF has a 1 year low of $33.61 and a 1 year high of $41.53. The company has a 50-day moving average of $40.13 and a 200-day moving average of $39.22.

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.