Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Short Interest Climbs 461.3%

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 2,672 shares, a growth of 461.3% from the October 15th total of 476 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 4,885 shares, the short-interest ratio is presently 0.5 days.

Pacer Lunt Large Cap Alternator ETF Price Performance

Shares of NYSEARCA:ALTL traded up $0.03 during trading on Thursday, reaching $38.97. 5,285 shares of the company were exchanged, compared to its average volume of 7,018. The business’s fifty day simple moving average is $42.59 and its 200-day simple moving average is $45.40. Pacer Lunt Large Cap Alternator ETF has a 12-month low of $38.13 and a 12-month high of $51.77. The firm has a market capitalization of $72.10 million, a PE ratio of 20.07 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Pacer Lunt Large Cap Alternator ETF by 146.2% during the 1st quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock valued at $1,217,000 after purchasing an additional 16,473 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth $545,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the 2nd quarter worth $38,000. Envestnet Asset Management Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 33,183 shares of the company’s stock worth $1,702,000 after buying an additional 2,157 shares during the period. Finally, Lunt Capital Management Inc. grew its position in shares of Pacer Lunt Large Cap Alternator ETF by 2.5% during the 3rd quarter. Lunt Capital Management Inc. now owns 209,660 shares of the company’s stock worth $9,162,000 after buying an additional 5,184 shares in the last quarter.

Pacer Lunt Large Cap Alternator ETF Company Profile

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.