Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Sees Significant Increase in Short Interest

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 3,366 shares, a growth of 446.4% from the May 14th total of 616 shares. Based on an average daily volume of 21,281 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 3rd quarter worth approximately $1,502,000. IFP Advisors Inc raised its position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after buying an additional 201 shares during the period. Finally, Miller Global Investments LLC purchased a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 4th quarter valued at approximately $177,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Down 2.2%

PALC traded down $1.22 during trading on Wednesday, reaching $55.19. The company’s stock had a trading volume of 6,403 shares, compared to its average volume of 19,009. The firm has a fifty day simple moving average of $54.78 and a two-hundred day simple moving average of $53.90. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1 year low of $47.63 and a 1 year high of $58.44. The company has a market cap of $231.80 million, a price-to-earnings ratio of -39.08 and a beta of 0.93.

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.