Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Increase in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,084 shares, a growth of 695.1% from the June 30th total of 1,394 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 2,658 shares, the days-to-cover ratio is presently 4.2 days.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEXL. Jane Street Group LLC raised its position in shares of Pacer US Export Leaders ETF by 211.3% in the first quarter. Jane Street Group LLC now owns 19,544 shares of the company’s stock valued at $892,000 after purchasing an additional 13,266 shares during the period. Cetera Investment Advisers boosted its holdings in Pacer US Export Leaders ETF by 22.0% in the 2nd quarter. Cetera Investment Advisers now owns 8,514 shares of the company’s stock worth $442,000 after buying an additional 1,537 shares during the period. Osaic Holdings Inc. boosted its holdings in Pacer US Export Leaders ETF by 87.4% in the 2nd quarter. Osaic Holdings Inc. now owns 13,696 shares of the company’s stock worth $711,000 after buying an additional 6,388 shares during the period. Citadel Advisors LLC boosted its holdings in Pacer US Export Leaders ETF by 18.4% in the 3rd 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. Finally, Susquehanna International Group LLP grew its stake in Pacer US Export Leaders ETF by 34.7% in the 3rd quarter. Susquehanna International Group LLP now owns 27,678 shares of the company’s stock valued at $1,587,000 after buying an additional 7,129 shares in the last quarter.

Pacer US Export Leaders ETF Stock Down 1.1%

PEXL traded down $0.80 during trading hours on Friday, hitting $69.97. The stock had a trading volume of 646 shares, compared to its average volume of 2,205. The company’s fifty day simple moving average is $72.70 and its 200 day simple moving average is $66.43. Pacer US Export Leaders ETF has a 1 year low of $52.23 and a 1 year high of $75.84. The stock has a market cap of $50.38 million, a PE ratio of 21.77 and a beta of 1.25.

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.