Short Interest in Pacer Industrial Real Estate ETF (NYSEARCA:INDS) Drops By 94.6%

by · The Cerbat Gem

Pacer Industrial Real Estate ETF (NYSEARCA:INDS – Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,798 shares, a decline of 94.6% from the April 30th total of 33,038 shares. Based on an average daily volume of 9,647 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Pacer Industrial Real Estate ETF Stock Performance

Shares of NYSEARCA:INDS traded down $0.35 on Friday, hitting $39.93. 5,492 shares of the company were exchanged, compared to its average volume of 11,891. The company’s 50 day moving average price is $39.00 and its two-hundred day moving average price is $38.67. Pacer Industrial Real Estate ETF has a one year low of $33.61 and a one year high of $41.25. The firm has a market capitalization of $113.80 million, a price-to-earnings ratio of 24.92 and a beta of 1.08.

Pacer Industrial Real Estate ETF Company Profile

(Get Free Report)

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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