Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,972 shares, an increase of 1,051.9% from the June 15th total of 258 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,616 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 3rd quarter valued at $1,502,000. Miller Global Investments LLC purchased a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the fourth quarter worth $177,000. Finally, IFP Advisors Inc grew 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 buying an additional 201 shares in the last quarter.
Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance
Shares of NYSEARCA:PALC traded up $0.07 during midday trading on Friday, reaching $58.15. 8,219 shares of the company’s stock traded hands, compared to its average volume of 16,991. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1 year low of $48.90 and a 1 year high of $59.77. The company has a market cap of $220.97 million, a P/E ratio of -41.18 and a beta of 0.93. The company has a fifty day simple moving average of $57.01 and a two-hundred day simple moving average of $54.90.
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.
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