Pacer American Energy Independence ETF (NYSEARCA:USAI) Sees Large Decrease in Short Interest

Pacer American Energy Independence ETF (NYSEARCA:USAI) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 21,426 shares, a decline of 20.0% from the March 31st total of 26,782 shares. Based on an average daily trading volume, of 14,201 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the company’s shares are short sold.

Pacer American Energy Independence ETF Stock Down 1.1%

Shares of NYSEARCA USAI traded down $0.53 during trading on Friday, hitting $46.94. 5,849 shares of the company traded hands, compared to its average volume of 13,576. Pacer American Energy Independence ETF has a 1 year low of $36.49 and a 1 year high of $48.83. The company has a 50-day moving average price of $45.99 and a 200-day moving average price of $41.37. The firm has a market capitalization of $107.96 million, a P/E ratio of 19.96 and a beta of 0.65.

Pacer American Energy Independence ETF Announces Dividend

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

Hedge Funds Weigh In On Pacer American Energy Independence ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its holdings in shares of Pacer American Energy Independence ETF by 13.3% during the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock valued at $123,000 after acquiring an additional 361 shares in the last quarter. Lodestone Wealth Management LLC boosted its position in shares of Pacer American Energy Independence ETF by 7.9% in 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 during the period. Magnolia Private Wealth LLC purchased a new stake in shares of Pacer American Energy Independence ETF in the fourth quarter worth about $475,000. Flow Traders U.S. LLC boosted its position in shares of Pacer American Energy Independence ETF by 44.8% in the third quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock worth $825,000 after buying an additional 6,399 shares during the period. Finally, SL Advisors LLC lifted its position in Pacer American Energy Independence ETF by 14.9% during the 4th quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after acquiring an additional 12,430 shares in the last quarter.

Pacer American Energy Independence ETF Company Profile

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.