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

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

Pacer Lunt Large Cap Multi-Factor Alternator ETF Trading Up 1.0%

Shares of NYSEARCA PALC traded up $0.55 during midday trading on Friday, reaching $57.58. The company had a trading volume of 12,802 shares, compared to its average volume of 18,836. The business’s 50-day simple moving average is $54.97 and its 200 day simple moving average is $53.99. The stock has a market cap of $241.84 million, a P/E ratio of -40.77 and a beta of 0.93. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1 year low of $47.63 and a 1 year high of $58.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter worth $1,502,000. IFP Advisors Inc raised its holdings in shares of 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 worth $124,000 after purchasing an additional 201 shares during the last quarter. Finally, Miller Global Investments LLC purchased a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the fourth quarter worth $177,000.

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.