Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Down 16.9% in April

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 5,485 shares, a decrease of 16.9% from the March 31st total of 6,602 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,438 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Pacer Lunt Large Cap Multi-Factor Alternator ETF

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings 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 valued at $124,000 after purchasing an additional 201 shares in the last quarter. Miller Global Investments LLC purchased a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at $177,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the third quarter valued at $1,502,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Down 0.5%

Shares of PALC traded down $0.26 during mid-day trading on Friday, reaching $54.61. The company’s stock had a trading volume of 6,203 shares, compared to its average volume of 17,981. The business has a fifty day moving average of $53.43 and a 200 day moving average of $52.99. The company has a market cap of $229.36 million, a price-to-earnings ratio of -38.67 and a beta of 0.93. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1 year low of $46.41 and a 1 year high of $55.91.

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.