Pacer US Export Leaders ETF (NYSEARCA:PEXL) Shares Shorted: Short Interest Down 95.1% in October

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 215 shares, a decrease of 95.1% from the October 15th total of 4,345 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 5,245 shares, the short-interest ratio is presently 0.0 days.

Pacer US Export Leaders ETF Trading Up 2.3%

Shares of PEXL traded up $1.65 during midday trading on Wednesday, reaching $71.70. 1,834 shares of the stock were exchanged, compared to its average volume of 2,206. The company has a market capitalization of $53.06 million, a P/E ratio of 28.98 and a beta of 1.26. Pacer US Export Leaders ETF has a 52 week low of $55.51 and a 52 week high of $75.84. The company’s 50 day moving average is $71.95 and its two-hundred day moving average is $68.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Visionary Horizons LLC raised its position in shares of Pacer US Export Leaders ETF by 7.3% in the 3rd quarter. Visionary Horizons LLC now owns 46,246 shares of the company’s stock valued at $3,415,000 after purchasing an additional 3,161 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Pacer US Export Leaders ETF during the 3rd quarter worth about $2,176,000. Harbour Investments Inc. purchased a new position in shares of Pacer US Export Leaders ETF during the 3rd quarter valued at approximately $1,634,000. Western Wealth Management LLC boosted its position in Pacer US Export Leaders ETF by 77.8% during the third quarter. Western Wealth Management LLC now owns 11,695 shares of the company’s stock worth $864,000 after purchasing an additional 5,117 shares in the last quarter. Finally, Signature Equity Partners LLC increased its stake in shares of Pacer US Export Leaders ETF by 19.0% during the third quarter. Signature Equity Partners LLC now owns 7,297 shares of the company’s stock worth $539,000 after purchasing an additional 1,163 shares in the last quarter.

About Pacer US Export Leaders ETF

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.