Pacer American Energy Independence ETF (NYSEARCA:USAI) Short Interest Update

Pacer American Energy Independence ETF (NYSEARCA:USAI) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 23,989 shares, a decline of 53.3% from the May 31st total of 51,414 shares. Based on an average daily volume of 8,666 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Magnolia Private Wealth LLC purchased a new stake in Pacer American Energy Independence ETF during the 4th quarter valued at $475,000. SL Advisors LLC lifted its holdings in shares of Pacer American Energy Independence ETF by 14.9% during the 4th quarter. SL Advisors LLC now owns 95,895 shares of the company’s stock valued at $3,658,000 after buying an additional 12,430 shares during the period. Finally, Flow Traders U.S. LLC boosted its stake in shares of Pacer American Energy Independence ETF by 44.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 20,696 shares of the company’s stock worth $825,000 after buying an additional 6,399 shares during the last quarter.

Pacer American Energy Independence ETF Stock Performance

Shares of USAI stock opened at $46.11 on Monday. The company has a market capitalization of $106.05 million, a price-to-earnings ratio of 19.96 and a beta of 0.62. Pacer American Energy Independence ETF has a one year low of $36.49 and a one year high of $49.14. The company’s 50-day moving average is $45.95 and its 200 day moving average is $43.74.

About Pacer American Energy Independence ETF

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.