Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 21 shares, a decrease of 66.1% from the May 14th total of 62 shares. Based on an average daily volume of 78 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Investors Weigh In On Pacer Industrials and Logistics ETF
An institutional investor recently bought a new position in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC bought a new stake in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned about 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent quarter.
Pacer Industrials and Logistics ETF Stock Performance
Pacer Industrials and Logistics ETF stock traded up $0.01 during midday trading on Friday, reaching $34.22. The stock had a trading volume of 11 shares, compared to its average volume of 238. Pacer Industrials and Logistics ETF has a twelve month low of $27.44 and a twelve month high of $34.74. The stock has a market capitalization of $2.05 million, a PE ratio of 16.21 and a beta of 1.08. The stock’s 50-day simple moving average is $33.06 and its 200 day simple moving average is $31.44.
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.
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