Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,285 shares, a growth of 129.6% from the May 31st total of 995 shares. Based on an average trading volume of 1,536 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.2% of the company’s stock are short sold.
Pacer Lunt MidCap Multi-Factor Alternator ETF Trading Up 0.1%
NYSEARCA:PAMC traded up $0.04 on Monday, reaching $55.01. 1,590 shares of the stock traded hands, compared to its average volume of 4,774. The company has a market capitalization of $66.01 million, a price-to-earnings ratio of 19.91 and a beta of 1.01. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 12 month low of $42.66 and a 12 month high of $55.95. The company’s fifty day simple moving average is $53.48 and its 200 day simple moving average is $50.56.
Hedge Funds Weigh In On Pacer Lunt MidCap Multi-Factor Alternator ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAMC. Triumph Capital Management bought a new stake in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the 3rd quarter worth $46,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF by 14.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,946 shares of the company’s stock valued at $233,000 after purchasing an additional 635 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF during the third quarter valued at $903,000.
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.
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