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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 4,029 shares, a decline of 15.1% from the December 31st total of 4,743 shares. Based on an average daily volume of 2,980 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 2,980 shares, the short-interest ratio is presently 1.4 days.

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. PFG Advisors lifted its position in Pacer US Export Leaders ETF by 13.8% during the third quarter. PFG Advisors now owns 7,552 shares of the company’s stock valued at $433,000 after buying an additional 915 shares during the period. Harbour Investments Inc. increased its stake in shares of Pacer US Export Leaders ETF by 4.2% in the 2nd quarter. Harbour Investments Inc. now owns 24,148 shares of the company’s stock worth $1,254,000 after acquiring an additional 982 shares in the last quarter. Citadel Advisors LLC lifted its position in Pacer US Export Leaders ETF by 18.4% during the 3rd quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock valued at $411,000 after acquiring an additional 1,116 shares during the period. Cetera Investment Advisers lifted its position in Pacer US Export Leaders ETF by 22.0% during the 2nd quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after acquiring an additional 1,537 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Pacer US Export Leaders ETF by 87.4% during the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after acquiring an additional 6,388 shares in the last quarter.

Pacer US Export Leaders ETF Price Performance

Shares of PEXL opened at $62.95 on Monday. The company has a 50-day simple moving average of $61.53 and a two-hundred day simple moving average of $58.18. The firm has a market capitalization of $39.03 million, a PE ratio of 21.77 and a beta of 1.20. Pacer US Export Leaders ETF has a one year low of $38.05 and a one year high of $64.26.

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.