Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,016 shares, a drop of 48.7% from the February 26th total of 1,981 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,603 shares, the short-interest ratio is currently 0.6 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the third quarter valued at $903,000. Triumph Capital Management purchased a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter worth about $46,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF by 13.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,629 shares of the company’s stock worth $262,000 after purchasing an additional 683 shares during the period.
Pacer Lunt MidCap Multi-Factor Alternator ETF Trading Down 1.3%
Shares of NYSEARCA PAMC traded down $0.66 during trading hours on Thursday, hitting $48.67. 134 shares of the company traded hands, compared to its average volume of 2,695. The stock has a market capitalization of $58.40 million, a price-to-earnings ratio of 19.91 and a beta of 1.03. The company’s 50 day moving average price is $49.48 and its 200 day moving average price is $47.75. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 12 month low of $36.84 and a 12 month high of $51.24.
About Pacer Lunt MidCap Multi-Factor Alternator ETF
The Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund invests in US mid-cap equities that allocates to multi-factor sub-indices based on relative strength. PAMC was launched on Jun 24, 2020 and is managed by Pacer.
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