Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Grows By 283.3%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,300 shares, a growth of 283.3% from the August 31st total of 600 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 2,200 shares, the short-interest ratio is currently 1.0 days.

Pacer US Export Leaders ETF Price Performance

Shares of NYSEARCA PEXL opened at $58.18 on Friday. Pacer US Export Leaders ETF has a 1 year low of $38.05 and a 1 year high of $58.39. The firm has a market cap of $37.82 million, a PE ratio of 21.77 and a beta of 1.21. The company has a 50 day simple moving average of $55.46 and a 200 day simple moving average of $50.65.

Institutional Trading of Pacer US Export Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEXL. Cetera Investment Advisers grew its stake in Pacer US Export Leaders ETF by 10.8% during the first quarter. Cetera Investment Advisers now owns 6,977 shares of the company’s stock worth $318,000 after purchasing an additional 678 shares during the period. Jane Street Group LLC increased its stake in Pacer US Export Leaders ETF by 211.3% in the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after purchasing an additional 13,266 shares in the last quarter. Harbour Investments Inc. increased its stake in Pacer US Export Leaders ETF by 4.2% in the second quarter. Harbour Investments Inc. now owns 24,148 shares of the company’s stock valued at $1,254,000 after purchasing an additional 982 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Pacer US Export Leaders ETF by 87.4% in the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after purchasing an additional 6,388 shares in the last quarter.

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.