Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Significant Growth in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 11,084 shares, an increase of 695.1% from the June 30th total of 1,394 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,658 shares, the short-interest ratio is presently 4.2 days.

Pacer US Export Leaders ETF Stock Down 1.1%

PEXL opened at $69.97 on Friday. Pacer US Export Leaders ETF has a 52-week low of $52.23 and a 52-week high of $75.84. The company has a 50 day moving average of $72.70 and a two-hundred day moving average of $66.43. The company has a market cap of $50.38 million, a P/E ratio of 21.77 and a beta of 1.25.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in Pacer US Export Leaders ETF by 211.3% in the 1st quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after purchasing an additional 13,266 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Pacer US Export Leaders ETF by 22.0% during the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock worth $442,000 after purchasing an additional 1,537 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Pacer US Export Leaders ETF by 87.4% during the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after purchasing an additional 6,388 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock worth $411,000 after buying an additional 1,116 shares during the period. Finally, Susquehanna International Group LLP boosted its position in shares of Pacer US Export Leaders ETF by 34.7% in the third quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock worth $1,587,000 after buying an additional 7,129 shares during the period.

About Pacer US Export Leaders ETF

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.