Pacer US Export Leaders ETF (NYSEARCA:PEXL) Short Interest Down 95.4% in June

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 312 shares, a drop of 95.4% from the May 31st total of 6,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4,034 shares, the short-interest ratio is presently 0.1 days.

Pacer US Export Leaders ETF Stock Down 1.4%

PEXL stock traded down $1.03 during trading on Friday, hitting $72.80. The company had a trading volume of 622 shares, compared to its average volume of 2,296. The firm has a 50-day moving average price of $70.62 and a 200-day moving average price of $64.76. Pacer US Export Leaders ETF has a 12 month low of $51.78 and a 12 month high of $75.68. The stock has a market cap of $49.50 million, a price-to-earnings ratio of 21.77 and a beta of 1.25.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in Pacer US Export Leaders ETF during the 4th quarter worth about $209,000. Kestra Advisory Services LLC grew its position in shares of Pacer US Export Leaders ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after buying an additional 162 shares during the period. Signature Equity Partners LLC raised its stake in shares of Pacer US Export Leaders ETF by 3.3% during the first quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after buying an additional 187 shares during the last quarter. Citadel Advisors LLC lifted its holdings in 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 valued at $411,000 after buying an additional 1,116 shares during the period. Finally, PFG Advisors boosted its stake in Pacer US Export Leaders ETF by 13.8% in the third quarter. PFG Advisors now owns 7,552 shares of the company’s stock valued at $433,000 after acquiring an additional 915 shares during the last quarter.

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.