Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Sees Significant Drop in Short Interest

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 5,720 shares, a decline of 38.2% from the September 15th total of 9,250 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 2,269 shares, the days-to-cover ratio is presently 2.5 days.

Pacer Lunt MidCap Multi-Factor Alternator ETF Stock Down 3.0%

PAMC stock traded down $1.51 during trading hours on Friday, hitting $48.27. The company’s stock had a trading volume of 1,012 shares, compared to its average volume of 3,767. The company has a market capitalization of $48.27 million, a PE ratio of 19.91 and a beta of 1.03. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 12 month low of $42.78 and a 12 month high of $55.95. The stock has a 50 day moving average price of $53.17 and a two-hundred day moving average price of $53.17.

About Pacer Lunt MidCap Multi-Factor Alternator ETF

The Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund invests in US mid-cap equities that allocates to multi-factor sub-indices based on relative strength. PAMC was launched on Jun 24, 2020 and is managed by Pacer.