Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Expands By 346.8%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,394 shares, an increase of 346.8% from the June 15th total of 312 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,469 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Institutional investors have recently added to or reduced their stakes in the company. Signature Equity Partners LLC lifted its stake in Pacer US Export Leaders ETF by 3.3% in the first quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock valued at $347,000 after acquiring an additional 187 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Pacer US Export Leaders ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. LPL Financial LLC increased its stake in shares of Pacer US Export Leaders ETF by 8.1% during the 4th quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock worth $1,996,000 after purchasing an additional 2,443 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Pacer US Export Leaders ETF by 1.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after purchasing an additional 185 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Pacer US Export Leaders ETF in the 4th quarter valued at about $209,000.

Pacer US Export Leaders ETF Trading Up 0.5%

Shares of NYSEARCA:PEXL traded up $0.36 during trading on Friday, hitting $74.35. 5,394 shares of the company were exchanged, compared to its average volume of 2,335. The stock has a market cap of $53.53 million, a price-to-earnings ratio of 21.77 and a beta of 1.25. Pacer US Export Leaders ETF has a fifty-two week low of $52.23 and a fifty-two week high of $75.84. The firm has a fifty day moving average price of $72.32 and a two-hundred day moving average price of $65.73.

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.