Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Stock Short Interest Declines 88.9%

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

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in Pacer Lunt Large Cap Alternator ETF during the second quarter valued at $29,000. Integrated Wealth Concepts LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF in the second quarter worth about $38,000. Envestnet Asset Management Inc. lifted its position in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 33,183 shares of the company’s stock valued at $1,702,000 after buying an additional 2,157 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the 1st quarter valued at approximately $350,000. Finally, Citadel Advisors LLC bought a new position in shares of Pacer Lunt Large Cap Alternator ETF during the 2nd quarter valued at approximately $545,000.

Pacer Lunt Large Cap Alternator ETF Trading Up 0.1%

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

Pacer Lunt Large Cap Alternator ETF Company Profile

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.