Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Shares Shorted: Short Interest Down 88.9% in September

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 427 shares, a drop of 88.9% from the August 31st total of 3,842 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,740 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in 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 purchasing an additional 2,157 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth about $38,000. Citadel Advisors LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth about $545,000. Ameritas Advisory Services LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth about $29,000. Finally, Royal Bank of Canada boosted its stake in Pacer Lunt Large Cap Alternator ETF by 146.2% during the first quarter. Royal Bank of Canada now owns 27,739 shares of the company’s stock valued at $1,217,000 after buying an additional 16,473 shares during the last quarter.

Pacer Lunt Large Cap Alternator ETF Stock Up 0.1%

NYSEARCA ALTL traded up $0.04 during trading hours on Friday, reaching $44.04. The company’s stock had a trading volume of 4,017 shares, compared to its average volume of 6,861. Pacer Lunt Large Cap Alternator ETF has a 1 year low of $39.93 and a 1 year high of $51.77. The company has a market capitalization of $83.68 million, a price-to-earnings ratio of 21.07 and a beta of 0.80. The firm’s 50-day moving average price is $46.30 and its 200-day moving average price is $46.49.

About Pacer Lunt Large Cap Alternator ETF

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.