Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Up 1,051.9% in June

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,972 shares, an increase of 1,051.9% from the June 15th total of 258 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,616 shares, the days-to-cover ratio is currently 0.4 days.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Trading Up 0.1%

Shares of NYSEARCA:PALC traded up $0.07 during midday trading on Friday, hitting $58.15. The company had a trading volume of 8,219 shares, compared to its average volume of 16,991. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 12 month low of $48.90 and a 12 month high of $59.77. The firm has a fifty day simple moving average of $57.01 and a 200 day simple moving average of $54.90. The stock has a market cap of $220.97 million, a price-to-earnings ratio of -41.18 and a beta of 0.93.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PALC. JPMorgan Chase & Co. bought a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 3rd quarter worth approximately $1,502,000. IFP Advisors Inc raised its holdings in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during 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 period. Finally, Miller Global Investments LLC bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at approximately $177,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile

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.