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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,593 shares, a drop of 39.7% from the January 29th total of 7,621 shares. Based on an average daily volume of 3,589 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 3,589 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PEXL. LPL Financial LLC increased its stake in Pacer US Export Leaders ETF by 8.1% in the fourth quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock valued at $1,996,000 after purchasing an additional 2,443 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Pacer US Export Leaders ETF by 1.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after buying an additional 185 shares during the period. Western Wealth Management LLC bought a new stake in Pacer US Export Leaders ETF in the 4th quarter valued at about $209,000. Susquehanna International Group LLP raised its stake in Pacer US Export Leaders ETF by 34.7% during the 3rd quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock worth $1,587,000 after buying an additional 7,129 shares during the period. Finally, Citadel Advisors LLC raised its stake 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 worth $411,000 after buying an additional 1,116 shares during the period.

Pacer US Export Leaders ETF Stock Up 0.1%

PEXL traded up $0.04 during trading on Friday, hitting $63.05. The company’s stock had a trading volume of 1,854 shares, compared to its average volume of 2,945. The firm has a market capitalization of $39.09 million, a P/E ratio of 21.77 and a beta of 1.20. Pacer US Export Leaders ETF has a twelve month low of $38.05 and a twelve month high of $64.26. The stock’s fifty day moving average price is $62.43 and its 200-day moving average price is $59.39.

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.