Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Sees Large Decrease in Short Interest

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 88 shares, a decrease of 48.8% from the July 15th total of 172 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 151 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC purchased a new position in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 at the end of the most recent quarter.

Pacer Industrials and Logistics ETF Price Performance

SHPP stock traded down $0.09 on Friday, reaching $35.55. The company’s stock had a trading volume of 423 shares, compared to its average volume of 218. Pacer Industrials and Logistics ETF has a 52 week low of $27.44 and a 52 week high of $35.64. The company has a market capitalization of $2.13 million, a P/E ratio of 16.21 and a beta of 1.07. The firm has a fifty day moving average of $34.19 and a two-hundred day moving average of $32.86.

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.