Pacer American Energy Independence ETF (NYSEARCA:USAI – Get Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 11,055 shares, a drop of 53.9% from the June 15th total of 23,989 shares. Based on an average daily volume of 13,337 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are sold short.
Pacer American Energy Independence ETF Price Performance
Shares of NYSEARCA:USAI traded up $0.27 during trading on Thursday, reaching $46.83. The company had a trading volume of 15,438 shares, compared to its average volume of 12,717. Pacer American Energy Independence ETF has a fifty-two week low of $36.49 and a fifty-two week high of $49.14. The stock’s fifty day moving average price is $46.14 and its 200 day moving average price is $44.48. The firm has a market capitalization of $117.08 million, a price-to-earnings ratio of 19.96 and a beta of 0.61.
Hedge Funds Weigh In On Pacer American Energy Independence ETF
Several institutional investors have recently bought and sold shares of the company. Magnolia Private Wealth LLC acquired a new stake in shares of Pacer American Energy Independence ETF in the 4th quarter worth $475,000. SL Advisors LLC raised its holdings in Pacer American Energy Independence ETF by 14.9% during the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after purchasing an additional 12,430 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its holdings in Pacer American Energy Independence ETF by 44.8% during the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock worth $825,000 after purchasing an additional 6,399 shares in the last quarter.
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.
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