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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,010 shares, a growth of 154.4% from the March 31st total of 790 shares. Based on an average daily volume of 1,562 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several institutional investors have recently added to or reduced their stakes in PEXL. Western Wealth Management LLC acquired a new position in Pacer US Export Leaders ETF in the 4th quarter valued at about $209,000. Citadel Advisors LLC increased its position in Pacer US Export Leaders ETF by 18.4% in 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. PFG Advisors increased its position in Pacer US Export Leaders ETF by 13.8% in the 3rd quarter. PFG Advisors now owns 7,552 shares of the company’s stock valued at $433,000 after acquiring an additional 915 shares during the period. Cetera Investment Advisers increased its position in Pacer US Export Leaders ETF by 22.0% in 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. increased its position in Pacer US Export Leaders ETF by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after acquiring an additional 6,388 shares during the period.

Pacer US Export Leaders ETF Stock Down 0.6%

Shares of PEXL stock opened at $66.81 on Tuesday. The stock has a market capitalization of $45.43 million, a PE ratio of 21.77 and a beta of 1.22. Pacer US Export Leaders ETF has a 52-week low of $44.08 and a 52-week high of $67.49. The stock’s 50-day moving average price is $61.88 and its 200 day moving average price is $60.97.

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.