Short Interest in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Rises By 426.2%

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 342 shares, a growth of 426.2% from the August 15th total of 65 shares. Based on an average daily trading volume, of 159 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new position in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned approximately 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent quarter.

Pacer Industrials and Logistics ETF Price Performance

Shares of Pacer Industrials and Logistics ETF stock traded up $0.03 during midday trading on Friday, hitting $34.15. The company had a trading volume of 224 shares, compared to its average volume of 215. The business’s 50 day simple moving average is $34.84 and its two-hundred day simple moving average is $33.31. The stock has a market cap of $2.05 million, a PE ratio of 16.21 and a beta of 1.07. Pacer Industrials and Logistics ETF has a 1-year low of $27.44 and a 1-year high of $36.12.

About Pacer Industrials and Logistics ETF

The Pacer Industrials and Logistics ETF (SHPP) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a market cap-weighted index of global companies engaged in transportation, logistics software and hardware, as well as the ancillary services that support the global distribution supply chains. SHPP was launched on Jun 8, 2022 and is managed by Pacer.