Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Update

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6 shares, a decrease of 71.4% from the May 31st total of 21 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 39 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Pacer Industrials and Logistics ETF

An institutional investor recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC purchased a new position in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,540 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned about 13.78% of Pacer Industrials and Logistics ETF as of its most recent filing with the Securities & Exchange Commission.

Pacer Industrials and Logistics ETF Trading Down 0.1%

Shares of NYSEARCA SHPP opened at $33.18 on Friday. Pacer Industrials and Logistics ETF has a 12-month low of $27.44 and a 12-month high of $34.74. The company has a market cap of $1.99 million, a PE ratio of 16.21 and a beta of 1.08. The stock has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $31.73.

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.