Short Interest in Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Declines By 32.4%
by Amy Steele · The Cerbat GemPacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 9,399 shares, a decrease of 32.4% from the March 15th total of 13,904 shares. Based on an average daily volume of 3,656 shares, the short-interest ratio is currently 2.6 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Trading of Pacer Lunt Large Cap Alternator ETF
Hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new stake in Pacer Lunt Large Cap Alternator ETF in the 4th quarter valued at about $249,000. Goldman Sachs Group Inc. raised its holdings in Pacer Lunt Large Cap Alternator ETF by 19.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 56,205 shares of the company’s stock valued at $2,412,000 after acquiring an additional 9,280 shares during the last quarter. Citadel Advisors LLC raised its holdings in Pacer Lunt Large Cap Alternator ETF by 53.7% in the 3rd quarter. Citadel Advisors LLC now owns 31,861 shares of the company’s stock valued at $1,353,000 after acquiring an additional 11,134 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Pacer Lunt Large Cap Alternator ETF by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after acquiring an additional 3,473 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Pacer Lunt Large Cap Alternator ETF by 7,104.2% in the 4th quarter. NewEdge Advisors LLC now owns 5,115 shares of the company’s stock valued at $220,000 after acquiring an additional 5,044 shares during the last quarter.
Pacer Lunt Large Cap Alternator ETF Stock Performance
Shares of ALTL traded down $0.10 during mid-day trading on Wednesday, hitting $44.46. 1,344 shares of the company were exchanged, compared to its average volume of 7,581. Pacer Lunt Large Cap Alternator ETF has a 1-year low of $32.69 and a 1-year high of $46.56. The company has a 50 day moving average of $44.86 and a 200-day moving average of $43.90. The stock has a market cap of $95.59 million, a price-to-earnings ratio of 21.07 and a beta of 0.83.
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.