Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Shorted: Short Interest Down 88.9% in September

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 427 shares, a decline of 88.9% from the August 31st total of 3,842 shares. Based on an average daily volume of 5,740 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 33,183 shares of the company’s stock worth $1,702,000 after acquiring an additional 2,157 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter valued at approximately $38,000. Citadel Advisors LLC acquired a new position in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter valued at approximately $545,000. Ameritas Advisory Services LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the second quarter worth approximately $29,000. Finally, Royal Bank of Canada increased its stake in shares of Pacer Lunt Large Cap Alternator ETF by 146.2% during the first quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock worth $1,217,000 after purchasing an additional 16,473 shares during the period.

Pacer Lunt Large Cap Alternator ETF Stock Up 0.2%

Shares of ALTL traded up $0.10 during trading hours on Friday, hitting $44.10. The company had a trading volume of 4,923 shares, compared to its average volume of 6,874. The business has a fifty day moving average of $46.25 and a 200-day moving average of $46.48. The firm has a market cap of $83.79 million, a price-to-earnings ratio of 21.07 and a beta of 0.80. Pacer Lunt Large Cap Alternator ETF has a 12 month low of $39.93 and a 12 month high of $51.77.

About Pacer Lunt Large Cap Alternator ETF

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.