Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Sees Significant Decline in Short Interest

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 166 shares, a decline of 41.5% from the September 30th total of 284 shares. Based on an average trading volume of 104 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the shares of the stock are short sold.

Pacer Industrials and Logistics ETF Trading Down 0.1%

NYSEARCA SHPP traded down $0.05 on Tuesday, hitting $34.76. 77 shares of the company were exchanged, compared to its average volume of 219. The firm has a 50 day moving average of $34.17 and a two-hundred day moving average of $33.16. The company has a market cap of $2.09 million, a P/E ratio of 16.21 and a beta of 1.08. Pacer Industrials and Logistics ETF has a 1-year low of $27.44 and a 1-year high of $36.12.

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.