Pacer US Export Leaders ETF (NYSEARCA:PEXL) Short Interest Update

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 7,139 shares, a drop of 55.7% from the August 15th total of 16,098 shares. Based on an average trading volume of 2,423 shares, the days-to-cover ratio is currently 2.9 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Pacer US Export Leaders ETF in the 2nd quarter valued at approximately $62,000. Signature Equity Partners LLC lifted its holdings in shares of Pacer US Export Leaders ETF by 3.3% during the first quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after purchasing an additional 187 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Pacer US Export Leaders ETF by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in Pacer US Export Leaders ETF by 1.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after purchasing an additional 185 shares during the period. Finally, Western Wealth Management LLC bought a new position in Pacer US Export Leaders ETF during the 4th quarter worth $209,000.

Pacer US Export Leaders ETF Trading Up 0.8%

PEXL traded up $0.54 on Wednesday, reaching $71.02. The stock had a trading volume of 791 shares, compared to its average volume of 2,169. Pacer US Export Leaders ETF has a fifty-two week low of $55.51 and a fifty-two week high of $75.84. The firm has a 50-day moving average of $71.69 and a 200-day moving average of $68.79. The company has a market capitalization of $70.95 million, a price-to-earnings ratio of 21.77 and a beta of 1.25.

About Pacer US Export Leaders ETF

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.