Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Increases By 59.2%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,098 shares, a growth of 59.2% from the July 30th total of 10,114 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 2,387 shares, the short-interest ratio is presently 6.7 days.

Institutional Trading of Pacer US Export Leaders ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in shares of Pacer US Export Leaders ETF by 211.3% during the 1st quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after acquiring an additional 13,266 shares during the period. Cetera Investment Advisers grew its holdings in Pacer US Export Leaders ETF by 22.0% during the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock valued at $442,000 after purchasing an additional 1,537 shares during the period. Osaic Holdings Inc. grew its holdings in Pacer US Export Leaders ETF by 87.4% during the second 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. Citadel Advisors LLC increased 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 buying an additional 1,116 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position 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 worth $1,587,000 after buying an additional 7,129 shares during the last quarter.

Pacer US Export Leaders ETF Stock Performance

Shares of NYSEARCA:PEXL opened at $70.42 on Wednesday. The company’s 50-day moving average is $72.18 and its 200 day moving average is $68.16. The company has a market capitalization of $50.70 million, a P/E ratio of 21.77 and a beta of 1.25. Pacer US Export Leaders ETF has a fifty-two week low of $54.63 and a fifty-two week high of $75.84.

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.