Short Interest in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Rises By 426.2%

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 342 shares, a growth of 426.2% from the August 15th total of 65 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 159 shares, the short-interest ratio is presently 2.2 days.

Pacer Industrials and Logistics ETF Stock Performance

Shares of SHPP stock traded up $0.03 during midday trading on Friday, reaching $34.15. 224 shares of the company were exchanged, compared to its average volume of 215. Pacer Industrials and Logistics ETF has a 12 month low of $27.44 and a 12 month high of $36.12. The company has a market cap of $2.05 million, a P/E ratio of 16.21 and a beta of 1.07. The company’s 50 day moving average price is $34.84 and its two-hundred day moving average price is $33.31.

Hedge Funds Weigh In On Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the 4th quarter, according to the company in its most recent filing with the 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 SEC.

Pacer Industrials and Logistics ETF Company Profile

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.