Short Interest in Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Rises By 7,822.8%

Pacer Industrial Real Estate ETF (NYSEARCA:INDSGet Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 33,038 shares, an increase of 7,822.8% from the April 15th total of 417 shares. Based on an average trading volume of 9,703 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.2% of the company’s shares are short sold.

Pacer Industrial Real Estate ETF Stock Down 0.3%

Shares of INDS stock traded down $0.12 during trading hours on Monday, hitting $40.40. 6,435 shares of the company were exchanged, compared to its average volume of 12,680. The firm has a fifty day moving average of $38.88 and a 200 day moving average of $38.52. Pacer Industrial Real Estate ETF has a 1 year low of $33.61 and a 1 year high of $41.25. The firm has a market cap of $115.14 million, a PE ratio of 24.92 and a beta of 1.08.

About Pacer Industrial Real Estate ETF

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The Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of developed market companies that derive at least 85% of their revenue from industrial real estate activities. INDS was launched on May 14, 2018 and is managed by Pacer.

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