Pacer PE/VC ETF (NYSEARCA:PEVC) Sees Significant Increase in Short Interest

Pacer PE/VC ETF (NYSEARCA:PEVC) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 297 shares, an increase of 75.7% from the May 14th total of 169 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 164 shares, the days-to-cover ratio is presently 1.8 days.

Hedge Funds Weigh In On Pacer PE/VC ETF

A hedge fund recently raised its stake in Pacer PE/VC ETF stock. Royal Bank of Canada grew its holdings in Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,848 shares of the company’s stock after purchasing an additional 5,269 shares during the period. Royal Bank of Canada owned about 7.31% of Pacer PE/VC ETF worth $152,000 as of its most recent SEC filing.

Pacer PE/VC ETF Stock Performance

Shares of NYSEARCA PEVC opened at $29.92 on Wednesday. The firm’s 50 day moving average price is $29.18 and its 200-day moving average price is $28.47. The company has a market cap of $2.39 million, a PE ratio of 30.12 and a beta of 1.36. Pacer PE/VC ETF has a 52-week low of $24.36 and a 52-week high of $32.21.

About Pacer PE/VC ETF

The Pacer PE/VC ETF (PEVC) is an exchange-traded fund that is based on the FTSE PE/VC index. The fund tracks an index that provides access to private equity (PE) buyouts and venture capital (VC) assets through shifting allocations between two sub-indices. Investments focus on US large-cap stocks, aiming to mirror the risk-return characteristics of private markets through equities, ETFs, and futures contracts. PEVC was launched on Feb 3, 2025 and is issued by Pacer.