Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Update

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 172 shares, a growth of 2,357.1% from the June 30th total of 7 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 194 shares, the short-interest ratio is currently 0.9 days.

Pacer Industrials and Logistics ETF Price Performance

Pacer Industrials and Logistics ETF stock opened at $34.70 on Friday. The company has a market capitalization of $2.08 million, a price-to-earnings ratio of 16.21 and a beta of 1.08. Pacer Industrials and Logistics ETF has a one year low of $27.44 and a one year high of $34.81. The company’s fifty day moving average price is $33.92 and its two-hundred day moving average price is $32.35.

Institutional Trading of Pacer Industrials and Logistics ETF

An institutional investor recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned approximately 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the SEC.

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.