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

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 6,992 shares, a decrease of 52.1% from the November 30th total of 14,605 shares. Based on an average trading volume of 11,805 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 11,805 shares, the days-to-cover ratio is currently 0.6 days.

Pacer American Energy Independence ETF Stock Performance

Shares of NYSEARCA:USAI traded down $0.08 during mid-day trading on Friday, reaching $37.98. 7,939 shares of the company’s stock were exchanged, compared to its average volume of 13,679. Pacer American Energy Independence ETF has a twelve month low of $34.20 and a twelve month high of $43.98. The firm has a market capitalization of $81.66 million, a price-to-earnings ratio of 19.96 and a beta of 0.85. The business’s fifty day moving average price is $37.80 and its 200-day moving average price is $38.95.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

Institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC raised its position in shares of Pacer American Energy Independence ETF by 13.3% during the third quarter. CoreCap Advisors LLC now owns 3,083 shares of the company’s stock worth $123,000 after acquiring an additional 361 shares during the last quarter. Lodestone Wealth Management LLC increased its position in Pacer American Energy Independence ETF by 7.9% during 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 period. Finally, Flow Traders U.S. LLC acquired a new stake in Pacer American Energy Independence ETF during the 2nd quarter valued at approximately $582,000.

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.