Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Sees Significant Increase in Short Interest

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 2,672 shares, a growth of 461.3% from the October 15th total of 476 shares. Based on an average daily trading volume, of 4,885 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Several hedge funds and other institutional investors have recently made changes to their positions in ALTL. Ameritas Advisory Services LLC bought a new stake in Pacer Lunt Large Cap Alternator ETF during the second quarter worth $29,000. Integrated Wealth Concepts LLC acquired a new stake in Pacer Lunt Large Cap Alternator ETF in the 2nd quarter valued at about $38,000. Kestra Advisory Services LLC grew its holdings in Pacer Lunt Large Cap Alternator ETF by 28.6% during the third quarter. Kestra Advisory Services LLC now owns 5,828 shares of the company’s stock worth $255,000 after purchasing an additional 1,297 shares during the period. Independent Financial Group LLC bought a new position in Pacer Lunt Large Cap Alternator ETF during the first quarter worth about $350,000. Finally, Citadel Advisors LLC acquired a new position in Pacer Lunt Large Cap Alternator ETF during the second quarter worth approximately $545,000.

Pacer Lunt Large Cap Alternator ETF Stock Down 0.3%

Shares of NYSEARCA:ALTL traded down $0.10 during midday trading on Wednesday, reaching $38.78. The company had a trading volume of 6,409 shares, compared to its average volume of 7,039. The business’s 50 day moving average price is $42.74 and its 200 day moving average price is $45.42. Pacer Lunt Large Cap Alternator ETF has a 1-year low of $38.13 and a 1-year high of $51.77. The stock has a market cap of $71.74 million, a PE ratio of 20.07 and a beta of 0.81.

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.