Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Growth in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,084 shares, a growth of 695.1% from the June 30th total of 1,394 shares. Based on an average daily trading volume, of 2,658 shares, the short-interest ratio is currently 4.2 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Trading of Pacer US Export Leaders ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its stake in Pacer US Export Leaders ETF by 211.3% in the 1st quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after buying an additional 13,266 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Pacer US Export Leaders ETF by 22.0% in the 2nd quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after acquiring an additional 1,537 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Pacer US Export Leaders ETF by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after acquiring an additional 6,388 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock valued at $411,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Pacer US Export Leaders ETF by 34.7% in the third quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock valued at $1,587,000 after acquiring an additional 7,129 shares during the last quarter.

Pacer US Export Leaders ETF Stock Performance

Shares of PEXL opened at $69.97 on Monday. The stock has a 50 day simple moving average of $72.70 and a 200 day simple moving average of $66.46. Pacer US Export Leaders ETF has a 52-week low of $52.23 and a 52-week high of $75.84. The firm has a market capitalization of $50.38 million, a PE ratio of 21.77 and a beta of 1.25.

About Pacer US Export Leaders ETF

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.