Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Sees Significant Increase in Short Interest

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,672 shares, an increase of 461.3% from the October 15th total of 476 shares. Based on an average daily trading volume, of 4,885 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Pacer Lunt Large Cap Alternator ETF

Several hedge funds have recently added to or reduced their stakes in the company. Lunt Capital Management Inc. grew its holdings in Pacer Lunt Large Cap Alternator ETF by 2.5% in the 3rd quarter. Lunt Capital Management Inc. now owns 209,660 shares of the company’s stock valued at $9,162,000 after buying an additional 5,184 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 33,183 shares of the company’s stock worth $1,702,000 after buying an additional 2,157 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 worth $1,217,000 after buying an additional 16,473 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the second quarter worth $545,000. Finally, Independent Financial Group LLC bought a new stake in shares of Pacer Lunt Large Cap Alternator ETF in the first quarter valued at about $350,000.

Pacer Lunt Large Cap Alternator ETF Trading Down 0.3%

Shares of NYSEARCA:ALTL traded down $0.10 during trading on Wednesday, reaching $38.78. 6,409 shares of the stock were exchanged, compared to its average volume of 7,039. Pacer Lunt Large Cap Alternator ETF has a 12 month low of $38.13 and a 12 month high of $51.77. The stock has a 50-day moving average price of $42.74 and a 200-day moving average price of $45.42. The firm has a market cap of $71.74 million, a PE ratio of 20.07 and a beta of 0.81.

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.