Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Update

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 11,839 shares, an increase of 89.3% from the August 31st total of 6,254 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 11,991 shares, the short-interest ratio is presently 1.0 days.

Pacer American Energy Independence ETF Price Performance

Shares of NYSEARCA USAI traded down $0.19 during mid-day trading on Wednesday, hitting $43.37. The company had a trading volume of 8,163 shares, compared to its average volume of 15,469. The company has a market capitalization of $110.59 million, a PE ratio of 19.96 and a beta of 0.63. Pacer American Energy Independence ETF has a 1-year low of $36.49 and a 1-year high of $49.14. The business’s 50-day simple moving average is $46.69 and its 200 day simple moving average is $46.36.

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.