Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) Sees Significant Increase in Short Interest

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,185 shares, a growth of 33.0% from the December 31st total of 1,643 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,390 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 6,390 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Pacer Lunt MidCap Multi-Factor Alternator ETF Stock Performance

NYSEARCA PAMC opened at $49.16 on Wednesday. The company has a market cap of $58.99 million, a P/E ratio of 19.91 and a beta of 1.03. The business’s 50 day moving average price is $48.10 and its 200-day moving average price is $46.68. Pacer Lunt MidCap Multi-Factor Alternator ETF has a fifty-two week low of $36.84 and a fifty-two week high of $50.17.

Institutional Investors Weigh In On Pacer Lunt MidCap Multi-Factor Alternator ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter worth about $903,000. Creative Financial Designs Inc. ADV raised its position in Pacer Lunt MidCap Multi-Factor Alternator ETF by 81.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,311 shares of the company’s stock worth $189,000 after purchasing an additional 1,941 shares during the period. Finally, Triumph Capital Management bought a new stake in Pacer Lunt MidCap Multi-Factor Alternator ETF in the third quarter worth about $46,000.

About Pacer Lunt MidCap Multi-Factor Alternator ETF

The Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund invests in US mid-cap equities that allocates to multi-factor sub-indices based on relative strength. PAMC was launched on Jun 24, 2020 and is managed by Pacer.