Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,893 shares, an increase of 1,271.1% from the July 30th total of 211 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 8,613 shares, the short-interest ratio is presently 0.3 days.
Pacer Lunt Large Cap Multi-Factor Alternator ETF Price Performance
PALC traded up $0.09 during trading hours on Tuesday, hitting $58.37. 4,121 shares of the stock were exchanged, compared to its average volume of 15,043. The stock has a market cap of $221.81 million, a price-to-earnings ratio of -41.33 and a beta of 0.93. The stock has a 50-day simple moving average of $57.42 and a 200-day simple moving average of $55.61. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 12 month low of $49.56 and a 12 month high of $59.77.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Pacer Lunt Large Cap Multi-Factor Alternator ETF stock. JPMorgan Chase & Co. acquired a new stake in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,022 shares of the company’s stock, valued at approximately $1,502,000. JPMorgan Chase & Co. owned about 0.54% of Pacer Lunt Large Cap Multi-Factor Alternator ETF as of its most recent SEC filing.
About Pacer Lunt Large Cap Multi-Factor Alternator ETF
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.
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