Short Interest in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Rises By 426.2%

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 342 shares, a growth of 426.2% from the August 15th total of 65 shares. Based on an average trading volume of 159 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Pacer Industrials and Logistics ETF

A hedge fund recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new position in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned 13.78% of Pacer Industrials and Logistics ETF at the end of the most recent quarter.

Pacer Industrials and Logistics ETF Stock Performance

NYSEARCA SHPP traded up $0.19 during trading on Friday, hitting $34.15. 231 shares of the company’s stock traded hands, compared to its average volume of 215. The stock has a market capitalization of $2.05 million, a price-to-earnings ratio of 16.21 and a beta of 1.07. Pacer Industrials and Logistics ETF has a 12-month low of $27.44 and a 12-month high of $36.12. The business has a 50 day moving average of $34.84 and a 200-day moving average of $33.32.

Pacer Industrials and Logistics ETF Company Profile

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.