Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Short Interest Update

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,007 shares, a growth of 278.3% from the July 15th total of 1,588 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 2,373 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the 3rd quarter valued at $46,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF by 13.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,629 shares of the company’s stock valued at $262,000 after acquiring an additional 683 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter worth $903,000.

Pacer Lunt MidCap Multi-Factor Alternator ETF Price Performance

PAMC stock opened at $54.69 on Thursday. The stock has a market cap of $54.69 million, a price-to-earnings ratio of 19.91 and a beta of 1.01. The company has a 50 day simple moving average of $54.45 and a 200 day simple moving average of $51.98. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 1 year low of $42.78 and a 1 year high of $55.95.

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.