Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Update

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 9,931 shares, an increase of 1,999.6% from the January 29th total of 473 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 21,744 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 21,744 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Up 0.1%

NYSEARCA:PALC opened at $55.47 on Friday. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 52 week low of $42.72 and a 52 week high of $55.69. The company has a fifty day simple moving average of $54.26 and a two-hundred day simple moving average of $52.34. The company has a market cap of $246.84 million, a price-to-earnings ratio of -39.28 and a beta of 0.96.

Institutional Investors Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 3rd quarter valued at about $1,502,000. Flow Traders U.S. LLC purchased a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the second quarter worth approximately $771,000. Miller Global Investments LLC acquired a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 4th quarter worth approximately $177,000. Finally, IFP Advisors Inc increased its position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after purchasing an additional 201 shares during the last quarter.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile

The Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in US large cap equities that allocates to multi-factor sub-indices based on relative strength. PALC was launched on Jun 24, 2020 and is managed by Pacer.