Short Interest in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Declines By 91.0%

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 211 shares, a decline of 91.0% from the July 15th total of 2,337 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,958 shares, the short-interest ratio is presently 0.0 days.

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

A hedge fund recently bought a new stake 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) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 29,022 shares of the company’s stock, valued at approximately $1,502,000. JPMorgan Chase & Co. owned approximately 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 Trading Up 0.3%

PALC stock traded up $0.16 during trading hours on Tuesday, hitting $58.09. 5,640 shares of the stock traded hands, compared to its average volume of 15,621. The stock has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $55.32. The company has a market cap of $220.74 million, a P/E ratio of -41.14 and a beta of 0.93. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a one year low of $49.56 and a one year high of $59.77.

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.