Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) Short Interest Update

Pacer Lunt Large Cap Alternator ETF (NYSEARCA:ALTL) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 13,904 shares, an increase of 55.6% from the February 26th total of 8,938 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,270 shares, the short-interest ratio is presently 1.1 days.

Pacer Lunt Large Cap Alternator ETF Stock Performance

Pacer Lunt Large Cap Alternator ETF stock traded down $0.26 during midday trading on Friday, hitting $43.33. 4,192 shares of the company’s stock were exchanged, compared to its average volume of 8,086. The stock has a market cap of $95.33 million, a price-to-earnings ratio of 21.07 and a beta of 0.98. Pacer Lunt Large Cap Alternator ETF has a 12-month low of $31.30 and a 12-month high of $46.56. The firm’s 50 day simple moving average is $44.77 and its 200 day simple moving average is $43.68.

Hedge Funds Weigh In On Pacer Lunt Large Cap Alternator ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTL. IFP Advisors Inc raised its stake in Pacer Lunt Large Cap Alternator ETF by 14.4% during the 3rd quarter. IFP Advisors Inc now owns 1,984 shares of the company’s stock valued at $84,000 after acquiring an additional 250 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Pacer Lunt Large Cap Alternator ETF by 6.6% in the 2nd quarter. GeoWealth Management LLC now owns 24,452 shares of the company’s stock valued at $921,000 after purchasing an additional 1,521 shares during the last quarter. PFG Advisors increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 7.8% in the third quarter. PFG Advisors now owns 22,468 shares of the company’s stock valued at $954,000 after purchasing an additional 1,626 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Pacer Lunt Large Cap Alternator ETF by 1.9% in the second quarter. Raymond James Financial Inc. now owns 190,115 shares of the company’s stock valued at $7,160,000 after purchasing an additional 3,473 shares during the period. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Pacer Lunt Large Cap Alternator ETF during the third quarter worth approximately $201,000.

Pacer Lunt Large Cap Alternator ETF Company Profile

The Pacer Lunt Large Cap Alternator ETF (ALTL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that alternates exposure between low volatility and high-beta US stocks, weighted by momentum. ALTL was launched on Jun 24, 2020 and is managed by Pacer.