Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Update

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 21 shares, a drop of 66.1% from the May 14th total of 62 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 78 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Pacer Industrials and Logistics ETF

An institutional investor recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned about 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Pacer Industrials and Logistics ETF Stock Performance

Shares of SHPP stock opened at $33.46 on Thursday. Pacer Industrials and Logistics ETF has a 52-week low of $27.44 and a 52-week high of $34.74. The stock has a market cap of $2.01 million, a PE ratio of 16.21 and a beta of 1.08. The firm’s 50 day moving average price is $32.90 and its two-hundred day moving average price is $31.37.

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.