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

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMC) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,720 shares, a decrease of 38.2% from the September 15th total of 9,250 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 2,269 shares, the short-interest ratio is currently 2.5 days.

Pacer Lunt MidCap Multi-Factor Alternator ETF Price Performance

Shares of PAMC traded down $1.40 during midday trading on Friday, hitting $48.38. The stock had a trading volume of 1,009 shares, compared to its average volume of 3,767. The firm has a market cap of $48.38 million, a price-to-earnings ratio of 19.91 and a beta of 1.03. The company has a 50 day simple moving average of $53.30 and a two-hundred day simple moving average of $53.21. Pacer Lunt MidCap Multi-Factor Alternator ETF has a twelve month low of $42.78 and a twelve month high of $55.95.

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.