Short Interest in Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Grows By 129.6%

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,285 shares, a growth of 129.6% from the May 31st total of 995 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,536 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Pacer Lunt MidCap Multi-Factor Alternator ETF

Institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in Pacer Lunt MidCap Multi-Factor Alternator ETF in the third quarter valued at $46,000. Creative Financial Designs Inc. ADV grew its position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF by 14.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,946 shares of the company’s stock valued at $233,000 after acquiring an additional 635 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the 3rd quarter valued at about $903,000.

Pacer Lunt MidCap Multi-Factor Alternator ETF Trading Down 1.2%

Shares of Pacer Lunt MidCap Multi-Factor Alternator ETF stock traded down $0.64 on Wednesday, reaching $54.79. 1,201 shares of the company were exchanged, compared to its average volume of 4,742. Pacer Lunt MidCap Multi-Factor Alternator ETF has a one year low of $42.66 and a one year high of $55.95. The company has a market capitalization of $65.75 million, a price-to-earnings ratio of 19.91 and a beta of 1.01. The company has a 50-day moving average of $53.63 and a 200 day moving average of $50.66.

Pacer Lunt MidCap Multi-Factor Alternator ETF Company Profile

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.