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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,084 shares, an increase of 695.1% from the June 30th total of 1,394 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 2,658 shares, the days-to-cover ratio is presently 4.2 days.

Pacer US Export Leaders ETF Stock Down 1.1%

Shares of NYSEARCA:PEXL opened at $69.97 on Friday. The company has a market capitalization of $50.38 million, a price-to-earnings ratio of 21.77 and a beta of 1.25. The company has a 50 day moving average of $72.70 and a two-hundred day moving average of $66.43. Pacer US Export Leaders ETF has a 52-week low of $52.23 and a 52-week high of $75.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC grew its holdings in Pacer US Export Leaders ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock valued at $241,000 after purchasing an additional 162 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in 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 worth $837,000 after buying an additional 185 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in Pacer US Export Leaders ETF by 3.3% in the 1st quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after buying an additional 187 shares in the last quarter. Citadel Advisors LLC boosted its position in Pacer US Export Leaders ETF by 18.4% in the 3rd quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock valued at $411,000 after buying an additional 1,116 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Pacer US Export Leaders ETF by 22.0% in the 2nd quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after buying an additional 1,537 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.