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

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 6,992 shares, a decline of 52.1% from the November 30th total of 14,605 shares. Based on an average daily volume of 11,805 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 11,805 shares, the days-to-cover ratio is presently 0.6 days.

Pacer American Energy Independence ETF Stock Down 0.2%

Shares of Pacer American Energy Independence ETF stock traded down $0.08 on Friday, hitting $37.98. The stock had a trading volume of 7,939 shares, compared to its average volume of 13,679. The stock has a market cap of $81.66 million, a price-to-earnings ratio of 19.96 and a beta of 0.85. Pacer American Energy Independence ETF has a twelve month low of $34.20 and a twelve month high of $43.98. The business’s 50 day moving average is $37.80 and its two-hundred day moving average is $38.94.

Institutional Trading of Pacer American Energy Independence ETF

A number of institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new stake in shares of Pacer American Energy Independence ETF during the 2nd quarter worth $582,000. Lodestone Wealth Management LLC raised its stake in Pacer American Energy Independence ETF by 7.9% during the third quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock worth $292,000 after acquiring an additional 538 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings 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 worth $123,000 after acquiring an additional 361 shares during 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.