Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Down 19.2% in December

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 206 shares, a decline of 19.2% from the December 15th total of 255 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 25,983 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 25,983 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Down 0.7%

PALC stock traded down $0.36 during midday trading on Monday, reaching $54.40. 4,625 shares of the company’s stock traded hands, compared to its average volume of 42,811. The company has a 50-day simple moving average of $52.32 and a two-hundred day simple moving average of $51.35. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1-year low of $42.72 and a 1-year high of $54.90. The company has a market cap of $244.80 million, a price-to-earnings ratio of -38.52 and a beta of 0.96.

Institutional Investors Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF

Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 2nd quarter valued at about $771,000. JPMorgan Chase & Co. bought a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter valued at approximately $1,502,000. IFP Advisors Inc grew its stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during the third quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after purchasing an additional 201 shares during the last quarter. Finally, Miller Global Investments LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at approximately $177,000.

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.