Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Update

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,222 shares, a decrease of 63.0% from the December 31st total of 3,304 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,730 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 15,730 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Pacer American Energy Independence ETF Stock Up 1.0%

Shares of NYSEARCA USAI traded up $0.41 during midday trading on Thursday, reaching $41.41. 10,299 shares of the company were exchanged, compared to its average volume of 14,710. Pacer American Energy Independence ETF has a one year low of $34.20 and a one year high of $42.76. The stock has a market cap of $86.96 million, a P/E ratio of 19.96 and a beta of 0.85. The stock’s 50-day moving average price is $38.50 and its 200-day moving average price is $38.77.

Pacer American Energy Independence ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a c) annualized dividend and a yield of 4.6%.

Institutional Trading of Pacer American Energy Independence ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USAI. Flow Traders U.S. LLC purchased a new stake in shares of Pacer American Energy Independence ETF during the 2nd quarter valued at $582,000. CoreCap Advisors LLC boosted its position in shares of Pacer American Energy Independence ETF by 13.3% in the third quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock valued at $123,000 after acquiring an additional 361 shares during the period. Lodestone Wealth Management LLC boosted its holdings in Pacer American Energy Independence ETF by 7.9% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after purchasing an additional 538 shares during the period. Finally, SL Advisors LLC grew its position in Pacer American Energy Independence ETF by 14.9% during the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after buying an additional 12,430 shares in the last quarter.

Pacer American Energy Independence ETF Company Profile

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.