Pacer US Export Leaders ETF logo

Pacer US Export Leaders ETF (PEXL)

Market Closed
5 Dec, 20:00
ARCA ARCA
$
60. 93
+0.5
+0.83%
$
37.99M Market Cap
0.26% Div Yield
3,662 Volume
$ 60.43
Previous Close
Day Range
60.92 60.93
Year Range
38.05 60.93
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PEXL: This S&P 900 Export Leaders ETF Is Flawed

PEXL: This S&P 900 Export Leaders ETF Is Flawed

PEXL aims to select 100 U.S. stocks from the S&P 900 Index with a high percentage of annual foreign sales and high free cash flow growth. Unfortunately, the sole measure of a company's free cash flow growth is current year free cash flow per share less free cash flow per share from five years ago. That means PEXL currently holds a large number of companies that operate in industries that essentially shut down during the COVID-19 pandemic, including Carnival and Royal Caribbean Cruises.

Seekingalpha | 5 months ago