Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Update

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 3,304 shares, a drop of 52.7% from the December 15th total of 6,992 shares. Based on an average trading volume of 11,682 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,682 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Pacer American Energy Independence ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new stake in Pacer American Energy Independence ETF in the second quarter worth approximately $582,000. CoreCap Advisors LLC raised its holdings in shares of Pacer American Energy Independence ETF by 13.3% during the 3rd quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock valued at $123,000 after purchasing an additional 361 shares in the last quarter. Lodestone Wealth Management LLC lifted its stake in shares of Pacer American Energy Independence ETF by 7.9% in the 3rd quarter. Lodestone Wealth Management LLC now owns 7,324 shares of the company’s stock valued at $292,000 after purchasing an additional 538 shares during the last quarter. Finally, SL Advisors LLC boosted its holdings in Pacer American Energy Independence ETF by 14.9% in the fourth quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock worth $3,658,000 after purchasing an additional 12,430 shares in the last quarter.

Pacer American Energy Independence ETF Trading Up 0.6%

NYSEARCA USAI traded up $0.24 on Wednesday, reaching $38.78. The stock had a trading volume of 14,602 shares, compared to its average volume of 16,445. Pacer American Energy Independence ETF has a 1 year low of $34.20 and a 1 year high of $43.98. The business has a 50 day moving average price of $37.99 and a 200 day moving average price of $38.77. The company has a market capitalization of $81.44 million, a price-to-earnings ratio of 19.96 and a beta of 0.85.

About Pacer American Energy Independence ETF

The Pacer American Energy Independence ETF (USAI) is an exchange-traded fund that is based on the American Energy Independence index. The fund tracks an index of US and Canadian MLPs involved in midstream energy infrastructure. USAI was launched on Dec 13, 2017 and is managed by Pacer.