Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) Short Interest Update

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 69,800 shares, anincreaseof133.4% from the June 30th total of 29,900 shares. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Pacer Lunt Large Cap Multi-Factor Alternator ETF

A number of hedge funds have recently modified their holdings of PALC. Captrust Financial Advisors bought a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the fourth quarter valued at approximately $211,000. Jones Financial Companies Lllp bought a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF in the first quarter valued at $4,210,000. Cambridge Investment Research Advisors Inc. increased its position in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 3.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 247,011 shares of the company’s stock valued at $11,844,000 after purchasing an additional 7,656 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF by 0.7% in the 4th quarter. Ameriprise Financial Inc. now owns 725,688 shares of the company’s stock worth $35,730,000 after purchasing an additional 5,192 shares during the period.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Up 1.0%

NYSEARCA:PALC opened at $50.31 on Thursday. The firm has a market capitalization of $294.31 million, a P/E ratio of -35.63 and a beta of 0.95. The company has a fifty day moving average of $49.02 and a 200 day moving average of $48.63. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 52 week low of $42.72 and a 52 week high of $52.90.

About Pacer Lunt Large Cap Multi-Factor Alternator ETF

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.