Short Interest in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Declines By 91.0%

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 211 shares, a decrease of 91.0% from the July 15th total of 2,337 shares. Based on an average trading volume of 5,958 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Pacer Lunt Large Cap Multi-Factor Alternator ETF

An institutional investor recently bought a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,022 shares of the company’s stock, valued at approximately $1,502,000. JPMorgan Chase & Co. owned approximately 0.54% of Pacer Lunt Large Cap Multi-Factor Alternator ETF at the end of the most recent quarter.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Trading Up 0.3%

Shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF stock traded up $0.16 on Tuesday, reaching $58.09. 5,640 shares of the company were exchanged, compared to its average volume of 15,621. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a fifty-two week low of $49.56 and a fifty-two week high of $59.77. The firm has a market capitalization of $220.74 million, a price-to-earnings ratio of -41.14 and a beta of 0.93. The stock has a fifty day moving average price of $57.24 and a 200-day moving average price of $55.32.

About Pacer Lunt Large Cap Multi-Factor Alternator ETF

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.