Short Interest in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Rises By 1,051.9%

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,972 shares, an increase of 1,051.9% from the June 15th total of 258 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,616 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter worth approximately $1,502,000. Miller Global Investments LLC bought a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at approximately $177,000. Finally, IFP Advisors Inc grew its position in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during the third quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock worth $124,000 after buying an additional 201 shares in the last quarter.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance

Shares of PALC stock traded up $0.07 on Friday, hitting $58.15. The company’s stock had a trading volume of 8,219 shares, compared to its average volume of 16,991. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a fifty-two week low of $48.90 and a fifty-two week high of $59.77. The company has a market capitalization of $220.97 million, a PE ratio of -41.18 and a beta of 0.93. The stock’s 50 day moving average is $57.01 and its 200-day moving average is $54.90.

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.