Pacer Industrials and Logistics ETF (NYSEARCA:SHPP) Short Interest Down 48.8% in July

Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 88 shares, a drop of 48.8% from the July 15th total of 172 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 151 shares, the short-interest ratio is currently 0.6 days.

Pacer Industrials and Logistics ETF Trading Down 0.3%

NYSEARCA:SHPP traded down $0.09 during midday trading on Friday, hitting $35.55. 423 shares of the stock were exchanged, compared to its average volume of 218. The company has a market capitalization of $2.13 million, a price-to-earnings ratio of 16.21 and a beta of 1.07. Pacer Industrials and Logistics ETF has a one year low of $27.44 and a one year high of $35.64. The business has a 50-day moving average price of $34.19 and a two-hundred day moving average price of $32.86.

Get Pacer Industrials and Logistics ETF alerts:

Institutional Trading of Pacer Industrials and Logistics ETF

An institutional investor recently bought a new stake in Pacer Industrials and Logistics ETF stock. Jane Street Group LLC acquired a new stake in Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

About Pacer Industrials and Logistics ETF

(Get Free Report)

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.

See Also

• Five stocks we like better than Pacer Industrials and Logistics ETF
• The Metals Company’s Big Bet Now Comes Down to a License
• OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
• Meta and Tesla Are Rebounding From Oversold Levels—Now What?
• AMG’s Alternatives Boom Powers Record Growth

Receive News & Ratings for Pacer Industrials and Logistics ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer Industrials and Logistics ETF and related companies with MarketBeat.com's FREE daily email newsletter.