Short Interest in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Rises By 426.2%

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 342 shares, a growth of 426.2% from the August 15th total of 65 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 159 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC purchased a new stake in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the SEC.

Pacer Industrials and Logistics ETF Stock Performance

Shares of NYSEARCA SHPP traded up $0.19 during trading on Friday, hitting $34.15. 231 shares of the company were exchanged, compared to its average volume of 215. The company has a fifty day moving average price of $34.84 and a 200-day moving average price of $33.32. The firm has a market capitalization of $2.05 million, a PE ratio of 16.21 and a beta of 1.07. Pacer Industrials and Logistics ETF has a 12-month low of $27.44 and a 12-month high of $36.12.

Pacer Industrials and Logistics ETF Company Profile

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.