Short Interest in Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Decreases By 57.9%

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 919 shares, a decrease of 57.9% from the January 15th total of 2,185 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,258 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 3,258 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAMC. JPMorgan Chase & Co. bought a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the 3rd quarter worth approximately $903,000. Creative Financial Designs Inc. ADV lifted its stake in Pacer Lunt MidCap Multi-Factor Alternator ETF by 81.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 4,311 shares of the company’s stock worth $189,000 after acquiring an additional 1,941 shares during the period. Finally, Triumph Capital Management purchased a new stake in Pacer Lunt MidCap Multi-Factor Alternator ETF in the third quarter worth $46,000.

Pacer Lunt MidCap Multi-Factor Alternator ETF Trading Up 0.7%

Shares of PAMC stock traded up $0.36 during mid-day trading on Friday, reaching $50.41. The stock had a trading volume of 1,867 shares, compared to its average volume of 3,742. The firm has a market capitalization of $60.49 million, a PE ratio of 19.91 and a beta of 1.03. The stock’s 50-day moving average price is $48.63 and its two-hundred day moving average price is $46.98. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 52-week low of $36.84 and a 52-week high of $51.03.

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.