Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Short Interest Update

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,007 shares, an increase of 278.3% from the July 15th total of 1,588 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 2,373 shares, the short-interest ratio is presently 2.5 days.

Pacer Lunt MidCap Multi-Factor Alternator ETF Price Performance

Pacer Lunt MidCap Multi-Factor Alternator ETF stock opened at $54.69 on Thursday. The business has a 50 day moving average of $54.45 and a 200-day moving average of $51.98. The company has a market capitalization of $54.69 million, a P/E ratio of 19.91 and a beta of 1.01. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 1 year low of $42.78 and a 1 year high of $55.95.

Hedge Funds Weigh In On Pacer Lunt MidCap Multi-Factor Alternator ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the third quarter valued at $46,000. Creative Financial Designs Inc. ADV grew its stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF by 13.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 5,629 shares of the company’s stock worth $262,000 after purchasing an additional 683 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the third quarter worth $903,000.

About Pacer Lunt MidCap Multi-Factor Alternator ETF

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