Short Interest in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Increases By 446.4%

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

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

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the third quarter valued at $1,502,000. Miller Global Investments LLC acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at $177,000. Finally, IFP Advisors Inc increased its position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in the third quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after buying an additional 201 shares in the last quarter.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance

Shares of PALC stock traded up $0.56 during trading hours on Friday, reaching $57.59. 12,831 shares of the stock were exchanged, compared to its average volume of 18,840. The firm has a market capitalization of $241.88 million, a P/E ratio of -40.78 and a beta of 0.93. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 12-month low of $47.63 and a 12-month high of $58.44. The business’s fifty day moving average is $55.08 and its two-hundred day moving average is $54.02.

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.