Short Interest in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Declines By 63.1%

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

Pacer Lunt Large Cap Alternator ETF Price Performance

Pacer Lunt Large Cap Alternator ETF stock traded up $0.07 during mid-day trading on Monday, hitting $45.66. The company’s stock had a trading volume of 950 shares, compared to its average volume of 6,790. The firm’s 50 day moving average is $46.95 and its 200 day moving average is $46.57. The company has a market cap of $91.31 million, a PE ratio of 21.07 and a beta of 0.80. Pacer Lunt Large Cap Alternator ETF has a 52-week low of $39.93 and a 52-week high of $51.77.

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Several institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth about $29,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the 2nd quarter worth about $38,000. Raymond James Financial Inc. lifted its holdings in Pacer Lunt Large Cap Alternator ETF by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after purchasing an additional 3,473 shares during the last quarter. NewEdge Advisors LLC boosted its position in Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the fourth quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock valued at $220,000 after buying an additional 5,044 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Pacer Lunt Large Cap Alternator ETF during the fourth quarter worth about $249,000.

Pacer Lunt Large Cap Alternator ETF Company Profile

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.