Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Short Interest Update

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,842 shares, a drop of 63.1% from the August 15th total of 10,404 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 6,466 shares, the days-to-cover ratio is currently 0.6 days.

Pacer Lunt Large Cap Alternator ETF Stock Performance

Pacer Lunt Large Cap Alternator ETF stock traded down $0.27 during midday trading on Tuesday, reaching $45.33. The stock had a trading volume of 1,128 shares, compared to its average volume of 6,762. The stock’s 50-day simple moving average is $46.87 and its 200 day simple moving average is $46.57. Pacer Lunt Large Cap Alternator ETF has a twelve month low of $39.93 and a twelve month high of $51.77. The stock has a market capitalization of $90.66 million, a PE ratio of 21.07 and a beta of 0.80.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new position in Pacer Lunt Large Cap Alternator ETF during the second quarter valued at approximately $38,000. Citadel Advisors LLC purchased a new stake in Pacer Lunt Large Cap Alternator ETF during the second quarter worth approximately $545,000. Ameritas Advisory Services LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth $29,000. Royal Bank of Canada increased its position in shares of Pacer Lunt Large Cap Alternator ETF by 146.2% in the first quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock worth $1,217,000 after acquiring an additional 16,473 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Pacer Lunt Large Cap Alternator ETF in the 1st quarter valued at $350,000.

About Pacer Lunt Large Cap Alternator ETF

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.