Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Up 1,051.9% in June

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,972 shares, a growth of 1,051.9% from the June 15th total of 258 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,616 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Miller Global Investments LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the 4th quarter worth approximately $177,000. JPMorgan Chase & Co. acquired a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the third quarter valued at approximately $1,502,000. Finally, IFP Advisors Inc lifted its holdings in 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 buying an additional 201 shares during the period.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance

Shares of PALC stock traded up $0.07 on Friday, reaching $58.15. 8,219 shares of the stock were exchanged, compared to its average volume of 16,991. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a one year low of $48.90 and a one year high of $59.77. The stock has a market cap of $220.97 million, a PE ratio of -41.18 and a beta of 0.93. The stock has a 50 day moving average price of $57.01 and a 200 day moving average price of $54.90.

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.