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

Pacer Lunt MidCap Multi-Factor Alternator ETF (NYSEARCA:PAMCGet Free Report) was the target of a large growth in short interest in the month of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,536 shares, the short-interest ratio is presently 1.5 days.

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

A number of large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Pacer Lunt MidCap Multi-Factor Alternator ETF during the 3rd quarter valued at $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 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,946 shares of the company’s stock valued at $233,000 after buying an additional 635 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Pacer Lunt MidCap Multi-Factor Alternator ETF in the 3rd quarter worth $903,000.

Pacer Lunt MidCap Multi-Factor Alternator ETF Stock Up 0.1%

Shares of NYSEARCA PAMC traded up $0.04 during trading on Monday, reaching $55.01. 1,590 shares of the company traded hands, compared to its average volume of 4,774. The firm has a 50 day simple moving average of $53.48 and a 200-day simple moving average of $50.56. Pacer Lunt MidCap Multi-Factor Alternator ETF has a 52-week low of $42.66 and a 52-week high of $55.95. The stock has a market capitalization of $66.01 million, a PE ratio of 19.91 and a beta of 1.01.

Pacer Lunt MidCap Multi-Factor Alternator ETF Company Profile

(Get Free Report)

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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