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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,758 shares, a decline of 40.0% from the February 12th total of 4,593 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 2,058 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 2,058 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the company’s shares are short sold.

Pacer US Export Leaders ETF Price Performance

Shares of Pacer US Export Leaders ETF stock traded down $0.42 during trading on Friday, hitting $59.58. The company’s stock had a trading volume of 1,992 shares, compared to its average volume of 2,669. The stock has a market cap of $36.94 million, a price-to-earnings ratio of 21.77 and a beta of 1.20. Pacer US Export Leaders ETF has a 52 week low of $38.05 and a 52 week high of $64.26. The stock has a 50-day moving average price of $62.39 and a two-hundred day moving average price of $59.85.

Institutional Investors Weigh In On Pacer US Export Leaders ETF

A number of institutional investors have recently made changes to their positions in PEXL. CWM LLC acquired a new stake in shares of Pacer US Export Leaders ETF in the third quarter valued at about $4,596,000. Jane Street Group LLC lifted its stake in shares of Pacer US Export Leaders ETF by 211.3% in the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock worth $892,000 after acquiring an additional 13,266 shares during the period. Susquehanna International Group LLP boosted its holdings in Pacer US Export Leaders ETF by 34.7% in the third quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock valued at $1,587,000 after acquiring an additional 7,129 shares during the last quarter. Osaic Holdings Inc. increased its position in Pacer US Export Leaders ETF by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after purchasing an additional 6,388 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in Pacer US Export Leaders ETF during the 4th quarter valued at approximately $209,000.

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.