Pacer US Export Leaders ETF (NYSEARCA:PEXL) Sees Large Drop in Short Interest

Pacer US Export Leaders ETF (NYSEARCA:PEXL) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,800 shares, a drop of 33.4% from the May 14th total of 10,216 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 2,445 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of Pacer US Export Leaders ETF

A number of large investors have recently made changes to their positions in the business. Signature Equity Partners LLC increased its holdings in shares of Pacer US Export Leaders ETF by 3.3% in the 1st quarter. Signature Equity Partners LLC now owns 5,907 shares of the company’s stock worth $347,000 after buying an additional 187 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Pacer US Export Leaders ETF by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 4,102 shares of the company’s stock valued at $241,000 after buying an additional 162 shares during the period. LPL Financial LLC boosted its position in Pacer US Export Leaders ETF by 8.1% in the 4th quarter. LPL Financial LLC now owns 32,737 shares of the company’s stock valued at $1,996,000 after buying an additional 2,443 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of Pacer US Export Leaders ETF by 1.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 13,732 shares of the company’s stock worth $837,000 after purchasing an additional 185 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of Pacer US Export Leaders ETF in the 4th quarter worth approximately $209,000.

Pacer US Export Leaders ETF Price Performance

Shares of PEXL stock opened at $73.81 on Thursday. The company has a market capitalization of $50.19 million, a price-to-earnings ratio of 21.77 and a beta of 1.25. The company’s fifty day moving average price is $69.24 and its 200-day moving average price is $64.16. Pacer US Export Leaders ETF has a one year low of $49.52 and a one year high of $75.64.

About Pacer US Export Leaders ETF

The Pacer US Export Leaders ETF (PEXL) is an exchange-traded fund that is based on the Pacer US Export Leaders ETF index. The fund tracks an equally-weighted index of large- and mid-cap US stocks selected based on foreign sales and free cash flow growth. PEXL was launched on Jul 23, 2018 and is managed by Pacer.