Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Up 200.0% in April

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 84 shares, a growth of 200.0% from the April 15th total of 28 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 403 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Pacer Industrials and Logistics ETF

An institutional investor recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Pacer Industrials and Logistics ETF Trading Down 0.6%

Shares of NYSEARCA SHPP traded down $0.20 during midday trading on Friday, hitting $33.26. 220 shares of the company’s stock were exchanged, compared to its average volume of 266. Pacer Industrials and Logistics ETF has a 12-month low of $27.28 and a 12-month high of $33.58. The company has a market cap of $2.00 million, a price-to-earnings ratio of 16.21 and a beta of 1.09. The business’s fifty day moving average price is $31.60 and its two-hundred day moving average price is $30.67.

About Pacer Industrials and Logistics ETF

The Pacer Industrials and Logistics ETF (SHPP) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a market cap-weighted index of global companies engaged in transportation, logistics software and hardware, as well as the ancillary services that support the global distribution supply chains. SHPP was launched on Jun 8, 2022 and is managed by Pacer.