Short Interest in Pacer PE/VC ETF (NYSEARCA:PEVC) Declines By 40.0%

Pacer PE/VC ETF (NYSEARCA:PEVC) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 24 shares, a drop of 40.0% from the July 30th total of 40 shares. Based on an average trading volume of 302 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Pacer PE/VC ETF Stock Performance

Shares of NYSEARCA PEVC remained flat at $32.12 during midday trading on Monday. 17 shares of the company were exchanged, compared to its average volume of 1,064. The stock’s 50 day moving average is $30.58 and its 200-day moving average is $29.11. The firm has a market capitalization of $2.57 million, a P/E ratio of 30.12 and a beta of 1.38. Pacer PE/VC ETF has a fifty-two week low of $24.36 and a fifty-two week high of $32.45.

Hedge Funds Weigh In On Pacer PE/VC ETF

An institutional investor recently raised its stake in Pacer PE/VC ETF stock. Royal Bank of Canada grew its stake in shares of Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,848 shares of the company’s stock after buying an additional 5,269 shares during the period. Royal Bank of Canada owned approximately 7.31% of Pacer PE/VC ETF worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

About Pacer PE/VC ETF

The Pacer PE/VC ETF (PEVC) is an exchange-traded fund that is based on the FTSE PE/VC index. The fund tracks an index that provides access to private equity (PE) buyouts and venture capital (VC) assets through shifting allocations between two sub-indices. Investments focus on US large-cap stocks, aiming to mirror the risk-return characteristics of private markets through equities, ETFs, and futures contracts. PEVC was launched on Feb 3, 2025 and is issued by Pacer.