Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Increase in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 7,621 shares, a growth of 89.2% from the January 15th total of 4,029 shares. Based on an average daily volume of 3,283 shares, the short-interest ratio is currently 2.3 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 3,283 shares, the short-interest ratio is currently 2.3 days.

Pacer US Export Leaders ETF Stock Performance

Pacer US Export Leaders ETF stock traded up $0.18 during trading hours on Friday, hitting $61.86. 8,898 shares of the stock were exchanged, compared to its average volume of 3,227. The stock has a market capitalization of $38.35 million, a P/E ratio of 21.77 and a beta of 1.20. Pacer US Export Leaders ETF has a 12 month low of $38.05 and a 12 month high of $64.26. The business’s 50-day moving average is $62.05 and its two-hundred day moving average is $58.65.

Institutional Investors Weigh In On Pacer US Export Leaders ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in Pacer US Export Leaders ETF during the 4th quarter worth $209,000. Citadel Advisors LLC grew its stake in shares of Pacer US Export Leaders ETF by 18.4% during the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock worth $411,000 after purchasing an additional 1,116 shares during the period. PFG Advisors increased its holdings in Pacer US Export Leaders ETF by 13.8% in the third quarter. PFG Advisors now owns 7,552 shares of the company’s stock valued at $433,000 after purchasing an additional 915 shares during the last quarter. Cetera Investment Advisers lifted its stake in Pacer US Export Leaders ETF by 22.0% in the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after buying an additional 1,537 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in Pacer US Export Leaders ETF by 87.4% in the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after buying an additional 6,388 shares during the period.

About Pacer US Export Leaders ETF

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.