Pacer Industrials and Logistics ETF (NYSEARCA:SHPP – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 166 shares, a drop of 41.5% from the September 30th total of 284 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 104 shares, the short-interest ratio is currently 1.6 days.
Pacer Industrials and Logistics ETF Stock Up 0.1%
Shares of SHPP stock traded up $0.02 on Friday, hitting $34.55. The stock had a trading volume of 78 shares, compared to its average volume of 220. Pacer Industrials and Logistics ETF has a one year low of $27.44 and a one year high of $36.12. The business has a 50 day moving average price of $34.20 and a 200 day moving average price of $33.13. The company has a market cap of $2.07 million, a PE ratio of 16.21 and a beta of 1.08.
About Pacer Industrials and Logistics ETF
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.
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