Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Up 1,271.1% in August

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,893 shares, an increase of 1,271.1% from the July 30th total of 211 shares. Based on an average daily volume of 8,613 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds 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. purchased a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 as of its most recent filing with the SEC.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance

Shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF stock remained flat at $58.37 during midday trading on Wednesday. 4,121 shares of the stock were exchanged, compared to its average volume of 15,043. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a fifty-two week low of $49.56 and a fifty-two week high of $59.77. The firm has a 50 day moving average of $57.42 and a 200 day moving average of $55.61. The stock has a market capitalization of $221.81 million, a P/E ratio of -41.33 and a beta of 0.93.

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.