Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Up 1,271.1% in August
by Mitch Edgeman · The Markets DailyPacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,893 shares, a growth of 1,271.1% from the July 30th total of 211 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,613 shares, the days-to-cover ratio is presently 0.3 days.
Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance
Shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF stock traded up $0.09 on Tuesday, reaching $58.37. 4,121 shares of the company were exchanged, compared to its average volume of 15,043. The company’s 50-day moving average is $57.42 and its two-hundred day moving average is $55.61. The firm has a market cap of $221.81 million, a price-to-earnings ratio of -41.33 and a beta of 0.93. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1-year low of $49.56 and a 1-year high of $59.77.
Institutional Investors Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF
A hedge fund recently bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF stock. JPMorgan Chase & Co. bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,022 shares of the company’s stock, valued at approximately $1,502,000. JPMorgan Chase & Co. owned 0.54% of Pacer Lunt Large Cap Multi-Factor Alternator ETF at the end of the most recent reporting period.
Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile
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.