Short Interest in Pacer US Export Leaders ETF (NYSEARCA:PEXL) Decreases By 33.4%

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,800 shares, a decrease of 33.4% from the May 14th total of 10,216 shares. Based on an average trading volume of 2,445 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the company’s shares are sold short.

Pacer US Export Leaders ETF Trading Up 1.0%

Shares of PEXL traded up $0.72 during trading hours on Wednesday, hitting $75.17. 244 shares of the stock traded hands, compared to its average volume of 2,326. Pacer US Export Leaders ETF has a 1-year low of $49.52 and a 1-year high of $75.64. The firm has a market capitalization of $51.12 million, a PE ratio of 21.77 and a beta of 1.25. The business has a fifty day moving average of $68.96 and a 200-day moving average of $64.06.

Hedge Funds Weigh In On Pacer US Export Leaders ETF

Several hedge funds have recently added to or reduced their stakes in PEXL. Kestra Advisory Services LLC raised its position in shares of Pacer US Export Leaders ETF by 4.1% during the first quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the period. Thoroughbred Financial Services LLC grew its stake in Pacer US Export Leaders ETF by 1.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock valued at $837,000 after purchasing an additional 185 shares in the last quarter. Signature Equity Partners LLC grew its stake in Pacer US Export Leaders ETF by 3.3% in the first quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock valued at $347,000 after purchasing an additional 187 shares in the last quarter. PFG Advisors grew its stake in Pacer US Export Leaders ETF by 13.8% in the third quarter. PFG Advisors now owns 7,552 shares of the company’s stock valued at $433,000 after purchasing an additional 915 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in Pacer US Export Leaders ETF by 18.4% in the third quarter. Citadel Advisors LLC now owns 7,169 shares of the company’s stock valued at $411,000 after purchasing an additional 1,116 shares in the last quarter.

Pacer US Export Leaders ETF Company Profile

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.