Pacer PE/VC ETF (NYSEARCA:PEVC) Short Interest Up 75.7% in May

Pacer PE/VC ETF (NYSEARCA:PEVC) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 297 shares, an increase of 75.7% from the May 14th total of 169 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 164 shares, the days-to-cover ratio is presently 1.8 days.

Pacer PE/VC ETF Price Performance

Pacer PE/VC ETF stock traded up $0.81 during mid-day trading on Monday, reaching $30.00. 180 shares of the company traded hands, compared to its average volume of 1,452. The firm’s 50 day moving average price is $29.03 and its 200 day moving average price is $28.45. The firm has a market capitalization of $2.40 million, a price-to-earnings ratio of 30.12 and a beta of 1.36. Pacer PE/VC ETF has a 52-week low of $24.36 and a 52-week high of $32.21.

Hedge Funds Weigh In On Pacer PE/VC ETF

A hedge fund recently raised its stake in Pacer PE/VC ETF stock. Royal Bank of Canada boosted its holdings in Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,848 shares of the company’s stock after buying an additional 5,269 shares during the quarter. Royal Bank of Canada owned 7.31% of Pacer PE/VC ETF worth $152,000 at the end of the most recent quarter.

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.