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

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the target of a significant decline in short interest in 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 volume of 25,983 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 25,983 shares, the short-interest ratio is presently 0.0 days.

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

Shares of NYSEARCA PALC opened at $54.40 on Tuesday. The business has a 50-day moving average price of $52.38 and a 200 day moving average price of $51.38. The stock 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 52-week low of $42.72 and a 52-week high of $54.90.

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. IFP Advisors Inc raised its position in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock valued at $124,000 after purchasing an additional 201 shares during the last quarter. Miller Global Investments LLC purchased a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF in the fourth quarter valued at about $177,000. Flow Traders U.S. LLC acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the second quarter worth about $771,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter worth about $1,502,000.

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.