Pacer American Energy Independence ETF (NYSEARCA:USAI) Stock Short Interest Declines 88.7%

Pacer American Energy Independence ETF (NYSEARCA:USAI – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 3,081 shares, a decline of 88.7% from the September 30th total of 27,349 shares. Based on an average daily volume of 11,805 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Pacer American Energy Independence ETF Trading Up 0.1%

USAI stock traded up $0.06 during midday trading on Monday, reaching $46.52. The company had a trading volume of 4,151 shares, compared to its average volume of 14,956. The company has a market capitalization of $125.60 million, a P/E ratio of 19.96 and a beta of 0.67. Pacer American Energy Independence ETF has a 1 year low of $36.49 and a 1 year high of $49.14. The company has a 50 day moving average of $46.19 and a two-hundred day moving average of $46.13.

Pacer American Energy Independence ETF Company Profile

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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.

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