Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Sees Significant Decrease in Short Interest

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 258 shares, a drop of 92.3% from the May 31st total of 3,366 shares. Based on an average daily volume of 8,032 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Up 1.9%

Shares of NYSEARCA:PALC traded up $1.07 during trading on Thursday, reaching $58.58. The stock had a trading volume of 3,467 shares, compared to its average volume of 18,009. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 52 week low of $48.64 and a 52 week high of $59.40. The firm has a market capitalization of $246.04 million, a price-to-earnings ratio of -41.48 and a beta of 0.93. The stock has a fifty day simple moving average of $56.07 and a two-hundred day simple moving average of $54.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Miller Global Investments LLC bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 4th quarter worth $177,000. JPMorgan Chase & Co. acquired a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 3rd quarter worth $1,502,000. Finally, IFP Advisors Inc boosted its holdings in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during the third quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after acquiring an additional 201 shares during the period.

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.