Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Short Interest Up 590.2% in June

Pacer Industrial Real Estate ETF (NYSEARCA:INDS) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 7,157 shares, a growth of 590.2% from the June 15th total of 1,037 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 9,257 shares, the days-to-cover ratio is presently 0.8 days.

Pacer Industrial Real Estate ETF Price Performance

INDS traded up $0.04 during trading on Monday, hitting $40.92. 2,155 shares of the stock traded hands, compared to its average volume of 11,320. Pacer Industrial Real Estate ETF has a twelve month low of $33.61 and a twelve month high of $41.53. The company has a market cap of $114.58 million, a price-to-earnings ratio of 24.92 and a beta of 1.06. The business has a 50 day moving average price of $40.13 and a 200 day moving average price of $39.23.

Pacer Industrial Real Estate ETF Company Profile

The Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of developed market companies that derive at least 85% of their revenue from industrial real estate activities. INDS was launched on May 14, 2018 and is managed by Pacer.