Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Up 131.6% in January

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 477 shares, a growth of 131.6% from the December 31st total of 206 shares. Based on an average daily trading volume, of 46,679 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 46,679 shares, the short-interest ratio is currently 0.0 days.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance

NYSEARCA PALC traded down $0.27 on Friday, hitting $54.01. The company had a trading volume of 11,870 shares, compared to its average volume of 28,899. The company’s fifty day moving average price is $53.04 and its 200-day moving average price is $51.68. The company has a market capitalization of $240.34 million, a PE ratio of -38.25 and a beta of 0.96. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 12-month low of $42.72 and a 12-month high of $54.97.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. 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 shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at approximately $177,000. Flow Traders U.S. LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the second quarter worth approximately $771,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the third 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.