Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Decrease in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 215 shares, a drop of 95.1% from the October 15th total of 4,345 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,245 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Pacer US Export Leaders ETF

A number of institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC increased its stake in Pacer US Export Leaders ETF by 77.8% during the 3rd quarter. Western Wealth Management LLC now owns 11,695 shares of the company’s stock valued at $864,000 after purchasing an additional 5,117 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Pacer US Export Leaders ETF during the 3rd quarter worth about $2,176,000. Harbour Investments Inc. purchased a new stake in Pacer US Export Leaders ETF during the 3rd quarter valued at about $1,634,000. Signature Equity Partners LLC grew its stake in Pacer US Export Leaders ETF by 19.0% during the 3rd quarter. Signature Equity Partners LLC now owns 7,297 shares of the company’s stock valued at $539,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Visionary Horizons LLC increased its holdings in shares of Pacer US Export Leaders ETF by 7.3% in the third quarter. Visionary Horizons LLC now owns 46,246 shares of the company’s stock valued at $3,415,000 after purchasing an additional 3,161 shares during the period.

Pacer US Export Leaders ETF Trading Down 0.4%

Shares of NYSEARCA:PEXL traded down $0.26 on Thursday, reaching $71.31. The company had a trading volume of 2,261 shares, compared to its average volume of 2,206. The firm’s 50 day simple moving average is $71.98 and its 200-day simple moving average is $68.81. Pacer US Export Leaders ETF has a 52-week low of $55.51 and a 52-week high of $75.84. The firm has a market capitalization of $52.77 million, a PE ratio of 28.98 and a beta of 1.26.

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.