Short Interest in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Drops By 63.1%

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,842 shares, a drop of 63.1% from the August 15th total of 10,404 shares. Based on an average daily volume of 6,466 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Pacer Lunt Large Cap Alternator ETF Stock Performance

NYSEARCA:ALTL traded up $0.08 during mid-day trading on Friday, reaching $45.59. The stock had a trading volume of 1,093 shares, compared to its average volume of 6,825. The firm has a 50 day moving average price of $46.95 and a two-hundred day moving average price of $46.56. The stock has a market capitalization of $91.18 million, a P/E ratio of 21.07 and a beta of 0.80. Pacer Lunt Large Cap Alternator ETF has a one year low of $39.93 and a one year high of $51.77.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,461 shares of the company’s stock worth $1,757,000 after acquiring an additional 8,681 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after purchasing an additional 3,473 shares during the last quarter. Citadel Advisors LLC raised its position in Pacer Lunt Large Cap Alternator ETF by 53.7% in the 3rd quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock worth $1,353,000 after purchasing an additional 11,134 shares during the period. Foundations Investment Advisors LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF in the 4th quarter worth $717,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Pacer Lunt Large Cap Alternator ETF in the fourth quarter worth $249,000.

Pacer Lunt Large Cap Alternator ETF Company Profile

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.