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

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALCGet Free Report) was the target of a significant decline in short interest during the month of 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. Based on an average daily trading volume, of 25,983 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 25,983 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Pacer Lunt Large Cap Multi-Factor Alternator ETF

Several hedge funds have recently added to or reduced their stakes in PALC. JPMorgan Chase & Co. bought a new position in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the 3rd quarter worth approximately $1,502,000. Flow Traders U.S. LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the second quarter worth $771,000. Miller Global Investments LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter worth $177,000. Finally, IFP Advisors Inc increased its position in 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 worth $124,000 after acquiring an additional 201 shares during the period.

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

PALC traded down $0.36 during trading on Monday, hitting $54.40. The stock had a trading volume of 4,625 shares, compared to its average volume of 42,811. The firm has a market cap of $244.80 million, a PE ratio of -38.52 and a beta of 0.96. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 12 month low of $42.72 and a 12 month high of $54.90. The company has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $51.35.

About Pacer Lunt Large Cap Multi-Factor Alternator ETF

(Get Free Report)

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.

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