Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Update

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 21 shares, a drop of 66.1% from the May 14th total of 62 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 78 shares, the short-interest ratio is presently 0.3 days.

Pacer Industrials and Logistics ETF Price Performance

Shares of Pacer Industrials and Logistics ETF stock opened at $33.46 on Thursday. The firm has a market cap of $2.01 million, a P/E ratio of 16.21 and a beta of 1.08. The firm has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $31.37. Pacer Industrials and Logistics ETF has a fifty-two week low of $27.44 and a fifty-two week high of $34.74.

Institutional Trading of Pacer Industrials and Logistics ETF

An institutional investor recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC purchased a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned approximately 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent reporting period.

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.