Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Shares Shorted: Short Interest Down 41.5% in October

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 166 shares, a decline of 41.5% from the September 30th total of 284 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 104 shares, the short-interest ratio is currently 1.6 days.

Pacer Industrials and Logistics ETF Stock Up 0.1%

NYSEARCA:SHPP traded up $0.02 during midday trading on Friday, hitting $34.55. The stock had a trading volume of 78 shares, compared to its average volume of 220. Pacer Industrials and Logistics ETF has a one year low of $27.44 and a one year high of $36.12. The company has a market capitalization of $2.07 million, a price-to-earnings ratio of 16.21 and a beta of 1.08. The stock has a 50-day moving average of $34.20 and a 200 day moving average of $33.13.

About Pacer Industrials and Logistics ETF

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.