Pacer American Energy Independence ETF (NYSEARCA:USAI) Sees Large Increase in Short Interest

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,266 shares, a growth of 139.9% from the February 26th total of 1,778 shares. Based on an average daily volume of 23,927 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Pacer American Energy Independence ETF Trading Down 0.2%

Shares of NYSEARCA USAI opened at $48.06 on Thursday. Pacer American Energy Independence ETF has a 12-month low of $34.20 and a 12-month high of $48.68. The firm has a market capitalization of $100.93 million, a price-to-earnings ratio of 19.96 and a beta of 0.85. The firm has a 50 day moving average of $43.85 and a 200 day moving average of $40.21.

Pacer American Energy Independence ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Hedge Funds Weigh In On Pacer American Energy Independence ETF

A number of institutional investors have recently bought and sold shares of USAI. Flow Traders U.S. LLC purchased a new position in Pacer American Energy Independence ETF during the second quarter valued at $582,000. Magnolia Private Wealth LLC purchased a new stake in Pacer American Energy Independence ETF in the fourth quarter worth about $475,000. SL Advisors LLC increased its position in Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after buying an additional 12,430 shares in the last quarter. Lodestone Wealth Management LLC raised its stake in shares of Pacer American Energy Independence ETF by 7.9% in the third quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock worth $292,000 after buying an additional 538 shares during the period. Finally, CoreCap Advisors LLC raised its stake in shares of Pacer American Energy Independence ETF by 13.3% in the third quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after buying an additional 361 shares during the period.

Pacer American Energy Independence ETF Company Profile

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.