Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Significant Increase in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,098 shares, a growth of 59.2% from the July 30th total of 10,114 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily volume of 2,387 shares, the short-interest ratio is currently 6.7 days.

Pacer US Export Leaders ETF Trading Up 0.5%

NYSEARCA PEXL opened at $70.75 on Thursday. The company’s fifty day simple moving average is $72.14 and its 200-day simple moving average is $68.23. Pacer US Export Leaders ETF has a 52 week low of $54.63 and a 52 week high of $75.84. The stock has a market cap of $50.94 million, a P/E ratio of 21.77 and a beta of 1.25.

Institutional Investors Weigh In On Pacer US Export Leaders ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of Pacer US Export Leaders ETF in the 4th quarter valued at about $209,000. Kestra Advisory Services LLC lifted its position in shares of Pacer US Export Leaders ETF by 4.1% during 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. Signature Equity Partners LLC grew its stake in Pacer US Export Leaders ETF by 3.3% in 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 in the last quarter. Citadel Advisors LLC grew its stake in Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock worth $411,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Pacer US Export Leaders ETF by 22.0% in the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after buying an additional 1,537 shares during the last quarter.

Pacer US Export Leaders ETF Company Profile

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.