Short Interest in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Drops By 63.1%

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,842 shares, a decrease of 63.1% from the August 15th total of 10,404 shares. Based on an average daily volume of 6,466 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Pacer Lunt Large Cap Alternator ETF Stock Performance

Shares of Pacer Lunt Large Cap Alternator ETF stock traded up $0.08 during mid-day trading on Friday, hitting $45.59. 1,093 shares of the stock were exchanged, compared to its average volume of 6,825. Pacer Lunt Large Cap Alternator ETF has a 12 month low of $39.93 and a 12 month high of $51.77. The company has a 50-day simple moving average of $46.95 and a 200 day simple moving average of $46.56. The company has a market capitalization of $91.18 million, a P/E ratio of 21.07 and a beta of 0.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of Pacer Lunt Large Cap Alternator ETF by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,461 shares of the company’s stock worth $1,757,000 after purchasing an additional 8,681 shares during the period. Raymond James Financial Inc. increased its holdings in Pacer Lunt Large Cap Alternator ETF by 1.9% during the second quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock worth $7,160,000 after buying an additional 3,473 shares during the last quarter. Citadel Advisors LLC raised its position in Pacer Lunt Large Cap Alternator ETF by 53.7% in the third quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock worth $1,353,000 after acquiring an additional 11,134 shares during the period. Foundations Investment Advisors LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF in the fourth quarter valued at about $717,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Pacer Lunt Large Cap Alternator ETF during the fourth quarter valued at $249,000.

Pacer Lunt Large Cap Alternator ETF Company Profile

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.