Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Sees Large Decrease in Short Interest

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 258 shares, a drop of 92.3% from the May 31st total of 3,366 shares. Based on an average daily trading volume, of 8,032 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance

PALC traded down $0.77 during trading on Friday, hitting $57.81. The company had a trading volume of 2,722 shares, compared to its average volume of 17,882. The company has a market cap of $242.80 million, a PE ratio of -40.94 and a beta of 0.93. The business has a 50-day moving average of $56.16 and a 200-day moving average of $54.49. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1-year low of $48.87 and a 1-year high of $59.40.

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

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc grew its stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in the third quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock worth $124,000 after purchasing an additional 201 shares in the last quarter. Miller Global Investments LLC acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the fourth quarter valued at approximately $177,000. Finally, JPMorgan Chase & Co. acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter valued at approximately $1,502,000.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile

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.