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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,593 shares, a decline of 39.7% from the January 29th total of 7,621 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 3,589 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 3,589 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.7% of the shares of the company are sold short.

Pacer US Export Leaders ETF Stock Performance

Shares of NYSEARCA:PEXL opened at $63.05 on Friday. The company’s fifty day moving average is $62.43 and its two-hundred day moving average is $59.33. Pacer US Export Leaders ETF has a 1-year low of $38.05 and a 1-year high of $64.26. The stock has a market capitalization of $39.09 million, a price-to-earnings ratio of 21.77 and a beta of 1.20.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Large investors have recently bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of Pacer US Export Leaders ETF by 8.1% during the fourth quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock valued at $1,996,000 after purchasing an additional 2,443 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in Pacer US Export Leaders ETF by 1.4% during the 4th quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after purchasing an additional 185 shares during the period. Western Wealth Management LLC bought a new position in Pacer US Export Leaders ETF during the 4th quarter worth $209,000. Susquehanna International Group LLP increased its position in Pacer US Export Leaders ETF by 34.7% in the third quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock worth $1,587,000 after buying an additional 7,129 shares during the period. Finally, Citadel Advisors LLC increased its position in Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock worth $411,000 after buying an additional 1,116 shares during the period.

Pacer US Export Leaders ETF Company Profile

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.