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

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,304 shares, a decline of 52.7% from the December 15th total of 6,992 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 11,682 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 11,682 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Pacer American Energy Independence ETF Stock Up 0.6%

Shares of NYSEARCA USAI traded up $0.24 during mid-day trading on Wednesday, hitting $38.78. 14,602 shares of the company were exchanged, compared to its average volume of 16,445. The stock has a 50 day simple moving average of $37.99 and a 200-day simple moving average of $38.77. Pacer American Energy Independence ETF has a 1-year low of $34.20 and a 1-year high of $43.98. The firm has a market cap of $81.44 million, a price-to-earnings ratio of 19.96 and a beta of 0.85.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

A number of hedge funds have recently added to or reduced their stakes in USAI. CoreCap Advisors LLC boosted its holdings in Pacer American Energy Independence ETF by 13.3% in the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock valued at $123,000 after purchasing an additional 361 shares in the last quarter. Lodestone Wealth Management LLC boosted 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 valued at $292,000 after buying an additional 538 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Pacer American Energy Independence ETF during the second quarter worth $582,000. Finally, SL Advisors LLC increased its holdings in shares of Pacer American Energy Independence ETF by 14.9% in the 4th quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after purchasing an additional 12,430 shares in the last quarter.

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.