Pacer American Energy Independence ETF (NYSEARCA:USAI – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 23,989 shares, a decline of 53.3% from the May 31st total of 51,414 shares. Based on an average daily trading volume, of 8,666 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.0% of the shares of the stock are sold short.
Pacer American Energy Independence ETF Stock Down 0.5%
USAI stock traded down $0.23 during trading on Tuesday, reaching $45.50. The company’s stock had a trading volume of 8,497 shares, compared to its average volume of 12,853. Pacer American Energy Independence ETF has a 1 year low of $36.49 and a 1 year high of $49.14. The company has a market capitalization of $104.65 million, a P/E ratio of 19.96 and a beta of 0.62. The company’s fifty day moving average is $45.97 and its 200-day moving average is $43.79.
Hedge Funds Weigh In On Pacer American Energy Independence ETF
Hedge funds have recently made changes to their positions in the business. Magnolia Private Wealth LLC bought a new stake in Pacer American Energy Independence ETF during the 4th quarter valued at approximately $475,000. SL Advisors LLC lifted its holdings in Pacer American Energy Independence ETF by 14.9% in the 4th quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after purchasing an additional 12,430 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its stake in Pacer American Energy Independence ETF by 44.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock worth $825,000 after purchasing an additional 6,399 shares during the period.
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.
Read More
- Five stocks we like better than Pacer American Energy Independence ETF
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Pacer American Energy Independence ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer American Energy Independence ETF and related companies with MarketBeat.com's FREE daily email newsletter.
