Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 2,285 shares, a growth of 129.6% from the May 31st total of 995 shares. Based on an average daily trading volume, of 1,536 shares, the short-interest ratio is currently 1.5 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter valued at approximately $903,000. Triumph Capital Management acquired a new position in Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter worth approximately $46,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in Pacer Lunt MidCap Multi-Factor Alternator ETF by 13.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,629 shares of the company’s stock valued at $262,000 after purchasing an additional 683 shares during the last quarter.
Pacer Lunt MidCap Multi-Factor Alternator ETF Price Performance
NYSEARCA:PAMC traded up $0.42 during trading hours on Tuesday, hitting $55.43. The company’s stock had a trading volume of 4,547 shares, compared to its average volume of 4,771. The stock has a fifty day simple moving average of $53.63 and a 200-day simple moving average of $50.66. The company has a market capitalization of $66.52 million, a P/E ratio of 19.91 and a beta of 1.01. Pacer Lunt MidCap Multi-Factor Alternator ETF has a twelve month low of $42.66 and a twelve month high of $55.95.
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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