Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Stock Short Interest Rises 78.2%

Pacer Industrial Real Estate ETF (NYSEARCA:INDS – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,702 shares, an increase of 78.2% from the September 30th total of 4,882 shares. Based on an average daily volume of 7,938 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are short sold.

Pacer Industrial Real Estate ETF Stock Performance

NYSEARCA INDS traded up $0.23 on Friday, hitting $39.29. 1,958 shares of the stock traded hands, compared to its average volume of 10,692. The business’s fifty day moving average is $38.66 and its two-hundred day moving average is $39.56. Pacer Industrial Real Estate ETF has a 12 month low of $35.96 and a 12 month high of $43.04. The firm has a market capitalization of $104.12 million, a price-to-earnings ratio of 24.92 and a beta of 1.04.

About Pacer Industrial Real Estate ETF

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The Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of developed market companies that derive at least 85% of their revenue from industrial real estate activities. INDS was launched on May 14, 2018 and is managed by Pacer.

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