Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Grows By 148.4%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 4,993 shares, an increase of 148.4% from the April 15th total of 2,010 shares. Based on an average trading volume of 2,149 shares, the short-interest ratio is currently 2.3 days. Approximately 0.7% of the company’s stock are sold short.

Pacer US Export Leaders ETF Stock Down 1.4%

NYSEARCA:PEXL traded down $1.01 during trading hours on Friday, hitting $69.49. 1,980 shares of the company traded hands, compared to its average volume of 2,152. The firm’s 50-day simple moving average is $63.42 and its 200-day simple moving average is $61.88. Pacer US Export Leaders ETF has a one year low of $47.68 and a one year high of $70.74. The company has a market cap of $47.25 million, a PE ratio of 21.77 and a beta of 1.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in Pacer US Export Leaders ETF during the fourth quarter worth about $209,000. Kestra Advisory Services LLC boosted its position in Pacer US Export Leaders ETF by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. Signature Equity Partners LLC boosted its position in Pacer US Export Leaders ETF by 3.3% in the first quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after purchasing an additional 187 shares during the last quarter. Citadel Advisors LLC boosted 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 purchasing an additional 1,116 shares during the last quarter. Finally, PFG Advisors boosted 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 purchasing an additional 915 shares during the last quarter.

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.