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

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,839 shares, an increase of 89.3% from the August 31st total of 6,254 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 11,991 shares, the days-to-cover ratio is presently 1.0 days.

Pacer American Energy Independence ETF Stock Performance

Pacer American Energy Independence ETF stock opened at $44.13 on Tuesday. The company has a market capitalization of $112.53 million, a PE ratio of 19.96 and a beta of 0.63. The company has a 50 day moving average price of $46.76 and a 200-day moving average price of $46.38. Pacer American Energy Independence ETF has a fifty-two week low of $36.49 and a fifty-two week high of $49.14.

Pacer American Energy Independence ETF Company Profile

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.