Short Interest in Pacer PE/VC ETF (NYSEARCA:PEVC) Drops By 90.7%

Pacer PE/VC ETF (NYSEARCA:PEVC) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 40 shares, a decline of 90.7% from the July 15th total of 429 shares. Based on an average daily trading volume, of 108 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Pacer PE/VC ETF Price Performance

Shares of NYSEARCA:PEVC traded down $0.17 on Tuesday, hitting $31.96. The company’s stock had a trading volume of 24 shares, compared to its average volume of 1,140. The company has a 50-day simple moving average of $30.01 and a 200 day simple moving average of $28.78. Pacer PE/VC ETF has a 1 year low of $24.36 and a 1 year high of $32.21. The company has a market capitalization of $2.56 million, a PE ratio of 30.12 and a beta of 1.38.

Institutional Investors Weigh In On Pacer PE/VC ETF

An institutional investor recently raised its stake in Pacer PE/VC ETF stock. Royal Bank of Canada grew its stake in Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,848 shares of the company’s stock after buying an additional 5,269 shares during the period. Royal Bank of Canada owned approximately 7.31% of Pacer PE/VC ETF worth $152,000 at the end of the most recent reporting period.

Pacer PE/VC ETF Company Profile

The Pacer PE/VC ETF (PEVC) is an exchange-traded fund that is based on the FTSE PE/VC index. The fund tracks an index that provides access to private equity (PE) buyouts and venture capital (VC) assets through shifting allocations between two sub-indices. Investments focus on US large-cap stocks, aiming to mirror the risk-return characteristics of private markets through equities, ETFs, and futures contracts. PEVC was launched on Feb 3, 2025 and is issued by Pacer.