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 large growth in short interest in October. As of October 30th, there was short interest totaling 10,462 shares, a growth of 239.6% from the October 15th total of 3,081 shares. Based on an average daily volume of 13,933 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are sold short.

Pacer American Energy Independence ETF Stock Up 0.4%

NYSEARCA USAI traded up $0.16 during trading hours on Friday, hitting $45.73. 8,644 shares of the company were exchanged, compared to its average volume of 14,886. The company has a 50 day moving average of $45.67 and a two-hundred day moving average of $45.83. Pacer American Energy Independence ETF has a 52-week low of $37.21 and a 52-week high of $49.14. The firm has a market cap of $125.76 million, a price-to-earnings ratio of 15.34 and a beta of 0.66.

Hedge Funds Weigh In On Pacer American Energy Independence ETF

A hedge fund recently bought a new stake in Pacer American Energy Independence ETF stock. Harbour Investments Inc. bought a new position in shares of Pacer American Energy Independence ETF (NYSEARCA:USAI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,733 shares of the company’s stock, valued at approximately $75,000. Harbour Investments Inc. owned 0.06% of Pacer American Energy Independence ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Pacer American Energy Independence ETF

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.