Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Sees Significant Decrease in Short Interest

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 1,493 shares, a decrease of 76.6% from the November 30th total of 6,383 shares. Based on an average trading volume of 2,723 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 2,723 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Triumph Capital Management bought a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the third quarter worth $46,000. Creative Financial Designs Inc. ADV boosted its stake in Pacer Lunt MidCap Multi-Factor Alternator ETF by 81.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,311 shares of the company’s stock worth $189,000 after purchasing an additional 1,941 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter worth about $903,000.

Pacer Lunt MidCap Multi-Factor Alternator ETF Trading Down 0.1%

Shares of NYSEARCA PAMC traded down $0.05 during mid-day trading on Friday, reaching $48.02. 677 shares of the company’s stock were exchanged, compared to its average volume of 8,302. Pacer Lunt MidCap Multi-Factor Alternator ETF has a twelve month low of $36.84 and a twelve month high of $48.94. The firm has a market capitalization of $60.03 million, a price-to-earnings ratio of 19.91 and a beta of 1.03. The business has a fifty day simple moving average of $46.42 and a 200 day simple moving average of $45.67.

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.