Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Down 52.1% in December

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 6,992 shares, a decrease of 52.1% from the November 30th total of 14,605 shares. Based on an average trading volume of 11,805 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 11,805 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

Hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC purchased a new position in Pacer American Energy Independence ETF during the second quarter valued at $582,000. Lodestone Wealth Management LLC grew its stake in shares of Pacer American Energy Independence ETF by 7.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after acquiring an additional 538 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in Pacer American Energy Independence ETF by 13.3% in the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after acquiring an additional 361 shares in the last quarter.

Pacer American Energy Independence ETF Stock Up 0.6%

Shares of Pacer American Energy Independence ETF stock traded up $0.22 during trading hours on Monday, reaching $38.20. 3,901 shares of the stock traded hands, compared to its average volume of 13,636. Pacer American Energy Independence ETF has a one year low of $34.20 and a one year high of $43.98. The firm has a market capitalization of $82.13 million, a price-to-earnings ratio of 19.96 and a beta of 0.85. The company has a 50 day moving average price of $37.80 and a 200 day moving average price of $38.94.

About Pacer American Energy Independence ETF

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.