Pacer PE/VC ETF (NYSEARCA:PEVC) Sees Large Decline in Short Interest

Pacer PE/VC ETF (NYSEARCA:PEVC) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 103 shares, a decrease of 78.9% from the October 15th total of 489 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 884 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Pacer PE/VC ETF

An institutional investor recently raised its stake in Pacer PE/VC ETF stock. Royal Bank of Canada increased its position in shares of Pacer PE/VC ETF (NYSEARCA:PEVC) by 910.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,848 shares of the company’s stock after purchasing an additional 5,269 shares during the period. Royal Bank of Canada owned approximately 7.31% of Pacer PE/VC ETF worth $152,000 as of its most recent SEC filing.

Pacer PE/VC ETF Trading Down 0.2%

PEVC traded down $0.05 during trading on Thursday, hitting $29.14. The company’s stock had a trading volume of 619 shares, compared to its average volume of 917. Pacer PE/VC ETF has a twelve month low of $24.36 and a twelve month high of $33.14. The business’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $29.61. The firm has a market capitalization of $2.33 million, a price-to-earnings ratio of 24.74 and a beta of 1.45.

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.