Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,016 shares, a drop of 48.7% from the February 26th total of 1,981 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,603 shares, the short-interest ratio is currently 0.6 days.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter valued at about $903,000. Creative Financial Designs Inc. ADV raised its holdings in Pacer Lunt MidCap Multi-Factor Alternator ETF by 14.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,946 shares of the company’s stock worth $233,000 after purchasing an additional 635 shares during the period. Finally, Triumph Capital Management purchased a new position in Pacer Lunt MidCap Multi-Factor Alternator ETF during the third quarter worth approximately $46,000.
Pacer Lunt MidCap Multi-Factor Alternator ETF Stock Down 1.7%
Shares of PAMC stock traded down $0.82 on Friday, hitting $47.14. The company had a trading volume of 12,738 shares, compared to its average volume of 2,870. Pacer Lunt MidCap Multi-Factor Alternator ETF has a twelve month low of $36.84 and a twelve month high of $51.24. The firm has a market cap of $56.57 million, a P/E ratio of 19.91 and a beta of 1.03. The company has a 50-day moving average price of $49.40 and a 200-day moving average price of $47.75.
Pacer Lunt MidCap Multi-Factor Alternator ETF Company Profile
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.
Further Reading
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