Short Interest in Pacer American Energy Independence ETF (NYSEARCA:USAI) Increases By 65.0%

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 32,878 shares, an increase of 65.0% from the April 30th total of 19,922 shares. Based on an average daily volume of 8,396 shares, the short-interest ratio is currently 3.9 days. Approximately 1.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Magnolia Private Wealth LLC acquired a new position in Pacer American Energy Independence ETF during the fourth quarter valued at approximately $475,000. Flow Traders U.S. LLC raised its position in Pacer American Energy Independence ETF by 44.8% during the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock valued at $825,000 after purchasing an additional 6,399 shares in the last quarter. Finally, SL Advisors LLC raised its position in Pacer American Energy Independence ETF by 14.9% during the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after purchasing an additional 12,430 shares in the last quarter.

Pacer American Energy Independence ETF Price Performance

Shares of USAI opened at $46.46 on Friday. Pacer American Energy Independence ETF has a one year low of $36.49 and a one year high of $49.14. The company has a market cap of $106.86 million, a P/E ratio of 19.96 and a beta of 0.62. The firm has a 50 day simple moving average of $46.27 and a two-hundred day simple moving average of $42.93.

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.