Pacer American Energy Independence ETF (NYSEARCA:USAI) Stock Short Interest Report for October

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 10,462 shares, an increase of 239.6% from the October 15th total of 3,081 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 13,933 shares, the short-interest ratio is presently 0.8 days.

Pacer American Energy Independence ETF Price Performance

Pacer American Energy Independence ETF stock traded up $0.31 during mid-day trading on Thursday, reaching $45.57. 6,830 shares of the company traded hands, compared to its average volume of 14,914. The firm’s 50 day moving average price is $45.73 and its 200 day moving average price is $45.80. The firm has a market capitalization of $125.32 million, a price-to-earnings ratio of 15.34 and a beta of 0.65. Pacer American Energy Independence ETF has a 52-week low of $37.21 and a 52-week high of $49.14.

Institutional Investors Weigh In On Pacer American Energy Independence ETF

A hedge fund recently bought a new stake in Pacer American Energy Independence ETF stock. Harbour Investments Inc. purchased a new stake in shares of Pacer American Energy Independence ETF (NYSEARCA:USAI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,733 shares of the company’s stock, valued at approximately $75,000. Harbour Investments Inc. owned 0.06% of Pacer American Energy Independence ETF at the end of the most recent reporting period.

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.