Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Down 92.3% in June

by · The Markets Daily

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Get Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 258 shares, a decrease of 92.3% from the May 31st total of 3,366 shares. Based on an average daily volume of 8,032 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance

Shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF stock traded up $1.07 during midday trading on Thursday, reaching $58.58. 3,467 shares of the company’s stock traded hands, compared to its average volume of 18,009. The company has a market cap of $246.04 million, a price-to-earnings ratio of -41.48 and a beta of 0.93. The company’s 50 day simple moving average is $56.07 and its 200 day simple moving average is $54.47. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 52 week low of $48.64 and a 52 week high of $59.40.

Hedge Funds Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in 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 during the last quarter. Miller Global Investments LLC acquired a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 4th quarter valued at about $177,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 3rd quarter valued at about $1,502,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile

(Get Free Report)

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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