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

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 6,800 shares, a decline of 33.4% from the May 14th total of 10,216 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 2,445 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several institutional investors have recently bought and sold shares of the company. Signature Equity Partners LLC grew its position in shares of Pacer US Export Leaders ETF by 3.3% during the first 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. Kestra Advisory Services LLC grew its position in shares of Pacer US Export Leaders ETF by 4.1% during the first quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after buying an additional 162 shares in the last quarter. LPL Financial LLC grew its position in shares of Pacer US Export Leaders ETF by 8.1% during the fourth quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock worth $1,996,000 after buying an additional 2,443 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Pacer US Export Leaders ETF by 1.4% during the fourth 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. Finally, Western Wealth Management LLC acquired a new position in shares of Pacer US Export Leaders ETF during the fourth quarter worth about $209,000.

Pacer US Export Leaders ETF Price Performance

NYSEARCA PEXL opened at $75.43 on Tuesday. The company has a market cap of $51.29 million, a P/E ratio of 21.77 and a beta of 1.25. The stock has a 50-day moving average of $68.66 and a two-hundred day moving average of $63.95. Pacer US Export Leaders ETF has a 1-year low of $49.52 and a 1-year high of $75.55.

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.