Pacer American Energy Independence ETF (NYSEARCA:USAI – Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 11,055 shares, a decline of 53.9% from the June 15th total of 23,989 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 13,337 shares, the days-to-cover ratio is currently 0.8 days.
Pacer American Energy Independence ETF Stock Performance
NYSEARCA USAI traded down $0.08 during mid-day trading on Tuesday, reaching $46.77. 7,755 shares of the stock were exchanged, compared to its average volume of 12,744. The business’s 50 day moving average is $46.12 and its 200-day moving average is $44.36. 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 $116.93 million, a P/E ratio of 19.96 and a beta of 0.61.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of USAI. Magnolia Private Wealth LLC purchased a new stake in shares of Pacer American Energy Independence ETF during the 4th quarter worth about $475,000. Flow Traders U.S. LLC increased its stake in shares of 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 valued at $825,000 after purchasing an additional 6,399 shares in the last quarter. Finally, SL Advisors LLC increased its stake in shares of 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 valued at $3,658,000 after purchasing an additional 12,430 shares in the last quarter.
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.
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