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

Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,893 shares, a growth of 1,271.1% from the July 30th total of 211 shares. Based on an average trading volume of 8,613 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Stock Performance

Shares of NYSEARCA PALC opened at $58.51 on Thursday. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a fifty-two week low of $49.56 and a fifty-two week high of $59.77. The stock has a market cap of $222.34 million, a PE ratio of -41.43 and a beta of 0.93. The stock has a fifty day moving average of $57.44 and a 200-day moving average of $55.64.

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

A hedge fund recently bought a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF stock. JPMorgan Chase & Co. acquired a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,022 shares of the company’s stock, valued at approximately $1,502,000. JPMorgan Chase & Co. owned 0.54% of Pacer Lunt Large Cap Multi-Factor Alternator ETF at the end of the most recent quarter.

Pacer Lunt Large Cap Multi-Factor Alternator ETF Company Profile

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.