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

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,707 shares, a growth of 24.3% from the January 29th total of 1,373 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 11,104 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 11,104 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Pacer American Energy Independence ETF Stock Performance

Pacer American Energy Independence ETF stock opened at $46.42 on Thursday. The stock has a market capitalization of $97.48 million, a P/E ratio of 19.96 and a beta of 0.85. Pacer American Energy Independence ETF has a 1 year low of $34.20 and a 1 year high of $46.87. The company’s fifty day moving average price is $41.29 and its 200 day moving average price is $39.46.

Pacer American Energy Independence ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.16 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Wednesday, February 25th.

Institutional Trading of Pacer American Energy Independence ETF

Several large investors have recently bought and sold shares of USAI. CoreCap Advisors LLC lifted its position in Pacer American Energy Independence ETF by 13.3% during the third quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after buying an additional 361 shares in the last quarter. Lodestone Wealth Management LLC grew its position in shares of 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 buying an additional 538 shares in the last quarter. Magnolia Private Wealth LLC acquired a new stake in shares of Pacer American Energy Independence ETF in the 4th quarter valued at $475,000. Flow Traders U.S. LLC acquired a new position in shares of Pacer American Energy Independence ETF during the 2nd quarter worth about $582,000. Finally, SL Advisors LLC increased its stake in Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after purchasing an additional 12,430 shares during the last quarter.

About Pacer American Energy Independence ETF

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.