Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 172 shares, a growth of 2,357.1% from the June 30th total of 7 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 194 shares, the short-interest ratio is presently 0.9 days.
Pacer Industrials and Logistics ETF Stock Up 1.0%
Shares of SHPP stock traded up $0.34 during trading on Friday, reaching $34.70. 14 shares of the company’s stock were exchanged, compared to its average volume of 222. Pacer Industrials and Logistics ETF has a twelve month low of $27.44 and a twelve month high of $34.81. The firm’s fifty day moving average price is $33.92 and its 200-day moving average price is $32.35. The stock has a market capitalization of $2.08 million, a PE ratio of 16.21 and a beta of 1.08.
Hedge Funds Weigh In On Pacer Industrials and Logistics ETF
A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC bought a new position in shares of Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned about 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the Securities and Exchange Commission.
About Pacer Industrials and Logistics ETF
The Pacer Industrials and Logistics ETF (SHPP) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a market cap-weighted index of global companies engaged in transportation, logistics software and hardware, as well as the ancillary services that support the global distribution supply chains. SHPP was launched on Jun 8, 2022 and is managed by Pacer.
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