Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Decreases By 55.7%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 7,139 shares, a decrease of 55.7% from the August 15th total of 16,098 shares. Based on an average trading volume of 2,423 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PEXL. Jane Street Group LLC raised its stake in Pacer US Export Leaders ETF by 211.3% in the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after buying an additional 13,266 shares during the period. Susquehanna International Group LLP increased its holdings in shares of Pacer US Export Leaders ETF by 34.7% during the 3rd quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock worth $1,587,000 after acquiring an additional 7,129 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Pacer US Export Leaders ETF by 87.4% during the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after acquiring an additional 6,388 shares during the last quarter. Western Wealth Management LLC bought a new stake in Pacer US Export Leaders ETF in the 4th quarter valued at $209,000. Finally, LPL Financial LLC raised its stake in Pacer US Export Leaders ETF by 8.1% in the 4th quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock valued at $1,996,000 after acquiring an additional 2,443 shares during the period.

Pacer US Export Leaders ETF Price Performance

PEXL stock traded down $0.69 during trading hours on Monday, reaching $71.03. The stock had a trading volume of 1,218 shares, compared to its average volume of 2,200. The stock has a 50-day simple moving average of $71.79 and a 200 day simple moving average of $68.68. Pacer US Export Leaders ETF has a fifty-two week low of $55.51 and a fifty-two week high of $75.84. The stock has a market capitalization of $51.15 million, a PE ratio of 21.77 and a beta of 1.25.

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.