Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Sees Significant Increase in Short Interest

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,366 shares, an increase of 446.4% from the May 14th total of 616 shares. Based on an average daily trading volume, of 21,281 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance

PALC stock traded down $1.22 during trading on Wednesday, hitting $55.19. The stock had a trading volume of 6,403 shares, compared to its average volume of 19,009. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a twelve month low of $47.63 and a twelve month high of $58.44. The stock has a market capitalization of $231.80 million, a P/E ratio of -39.08 and a beta of 0.93. The company’s 50-day moving average price is $54.78 and its two-hundred day moving average price is $53.90.

Institutional Investors Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock worth $124,000 after buying an additional 201 shares during the last quarter. Miller Global Investments LLC purchased a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 4th quarter worth approximately $177,000. Finally, JPMorgan Chase & Co. purchased a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 3rd quarter worth approximately $1,502,000.

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.