Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Growth in Short Interest
by Jessica Moore · The Cerbat GemPacer US Export Leaders ETF (NYSEARCA:PEXL – Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,743 shares, a growth of 142.6% from the December 15th total of 1,955 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 4,008 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 4,008 shares, the short-interest ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are sold short.
Pacer US Export Leaders ETF Price Performance
Shares of PEXL traded up $0.19 during midday trading on Friday, hitting $63.29. The stock had a trading volume of 1,236 shares, compared to its average volume of 2,759. Pacer US Export Leaders ETF has a 1 year low of $38.05 and a 1 year high of $63.68. The stock’s 50 day moving average is $60.31 and its 200 day moving average is $57.36. The firm has a market cap of $37.97 million, a PE ratio of 21.77 and a beta of 1.20.
Institutional Investors Weigh In On Pacer US Export Leaders ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in PEXL. Citadel Advisors LLC lifted its position in Pacer US Export Leaders ETF by 18.4% during 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. PFG Advisors lifted its holdings in shares of Pacer US Export Leaders ETF by 13.8% during the 3rd quarter. PFG Advisors now owns 7,552 shares of the company’s stock worth $433,000 after acquiring an additional 915 shares during the period. Cetera Investment Advisers boosted its position in shares of Pacer US Export Leaders ETF by 22.0% in the second quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock worth $442,000 after acquiring an additional 1,537 shares during the last quarter. Osaic Holdings Inc. grew its holdings in Pacer US Export Leaders ETF by 87.4% in the second quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock valued at $711,000 after purchasing an additional 6,388 shares during the period. Finally, Jane Street Group LLC grew its position in Pacer US Export Leaders ETF by 211.3% during the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after acquiring an additional 13,266 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.