Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Update

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,300 shares, a growth of 85.7% from the September 30th total of 700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Pacer American Energy Independence ETF Stock Performance

Shares of USAI opened at $37.03 on Monday. The stock has a market capitalization of $79.61 million, a P/E ratio of 19.96 and a beta of 0.85. The company’s fifty day moving average is $38.82 and its two-hundred day moving average is $39.27. Pacer American Energy Independence ETF has a 1 year low of $34.20 and a 1 year high of $43.98.

Hedge Funds Weigh In On Pacer American Energy Independence ETF

Institutional investors have recently bought and sold shares of the company. Lodestone Wealth Management LLC boosted its position in shares of Pacer American Energy Independence ETF by 7.9% during the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock worth $292,000 after purchasing an additional 538 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Pacer American Energy Independence ETF by 13.3% during the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after purchasing an additional 361 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Pacer American Energy Independence ETF in the 2nd quarter worth about $582,000.

About Pacer American Energy Independence ETF

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.