Pacer American Energy Independence ETF (NYSEARCA:USAI) Sees Significant Growth in Short Interest

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 27,349 shares, an increase of 131.0% from the September 15th total of 11,839 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,975 shares, the short-interest ratio is currently 2.5 days.

Pacer American Energy Independence ETF Trading Down 1.6%

USAI stock traded down $0.75 during midday trading on Wednesday, hitting $45.33. The company’s stock had a trading volume of 4,130 shares, compared to its average volume of 15,316. The firm’s 50-day moving average is $46.33 and its 200-day moving average is $46.21. Pacer American Energy Independence ETF has a 12 month low of $36.49 and a 12 month high of $49.14. The company has a market cap of $122.39 million, a PE ratio of 19.96 and a beta of 0.67.

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.