Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 88 shares, a decrease of 48.8% from the July 15th total of 172 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 151 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On Pacer Industrials and Logistics ETF
An institutional investor recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC bought a new stake in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned about 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the Securities and Exchange Commission.
Pacer Industrials and Logistics ETF Stock Performance
Shares of NYSEARCA:SHPP traded down $0.26 on Tuesday, reaching $35.47. The company’s stock had a trading volume of 430 shares, compared to its average volume of 219. The company has a 50-day simple moving average of $34.22 and a 200 day simple moving average of $32.89. Pacer Industrials and Logistics ETF has a 52-week low of $27.44 and a 52-week high of $35.73. The company has a market cap of $2.13 million, a P/E ratio of 16.21 and a beta of 1.07.
About Pacer Industrials and Logistics ETF
The Pacer Industrials and Logistics ETF (SHPP) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a market cap-weighted index of global companies engaged in transportation, logistics software and hardware, as well as the ancillary services that support the global distribution supply chains. SHPP was launched on Jun 8, 2022 and is managed by Pacer.
See Also
- Five stocks we like better than Pacer Industrials and Logistics ETF
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for Pacer Industrials and Logistics ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer Industrials and Logistics ETF and related companies with MarketBeat.com's FREE daily email newsletter.
