Short Interest in Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Rises By 7,822.8%

Pacer Industrial Real Estate ETF (NYSEARCA:INDS) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 33,038 shares, a growth of 7,822.8% from the April 15th total of 417 shares. Based on an average trading volume of 9,703 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.2% of the shares of the company are sold short.

Pacer Industrial Real Estate ETF Price Performance

Shares of INDS stock opened at $40.21 on Wednesday. The company’s fifty day simple moving average is $38.85 and its two-hundred day simple moving average is $38.53. Pacer Industrial Real Estate ETF has a 1 year low of $33.61 and a 1 year high of $41.25. The stock has a market capitalization of $114.60 million, a price-to-earnings ratio of 24.92 and a beta of 1.08.

Pacer Industrial Real Estate ETF Company Profile

The Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of developed market companies that derive at least 85% of their revenue from industrial real estate activities. INDS was launched on May 14, 2018 and is managed by Pacer.