Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Declines By 33.4%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 6,800 shares, a decrease of 33.4% from the May 14th total of 10,216 shares. Based on an average daily volume of 2,445 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Pacer US Export Leaders ETF

Several large investors have recently modified their holdings of PEXL. Jane Street Group LLC raised its stake in shares of Pacer US Export Leaders ETF by 211.3% during the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock worth $892,000 after purchasing an additional 13,266 shares during the last quarter. Cetera Investment Advisers raised its position in Pacer US Export Leaders ETF by 22.0% in the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock worth $442,000 after acquiring an additional 1,537 shares in the last quarter. Osaic Holdings Inc. raised its position in Pacer US Export Leaders ETF by 87.4% in the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after acquiring an additional 6,388 shares in the last quarter. PFG Advisors raised its position in Pacer US Export Leaders ETF by 13.8% in the third quarter. PFG Advisors now owns 7,552 shares of the company’s stock worth $433,000 after acquiring an additional 915 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock worth $411,000 after acquiring an additional 1,116 shares in the last quarter.

Pacer US Export Leaders ETF Price Performance

Pacer US Export Leaders ETF stock opened at $75.43 on Tuesday. Pacer US Export Leaders ETF has a 12 month low of $49.52 and a 12 month high of $75.55. The business has a 50 day simple moving average of $68.66 and a 200-day simple moving average of $63.95. The stock has a market capitalization of $51.29 million, a PE ratio of 21.77 and a beta of 1.25.

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.