Pacer Lunt Large Cap Multi-Factor Alternator ETF (NYSEARCA:PALC – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 258 shares, a decline of 92.3% from the May 31st total of 3,366 shares. Based on an average trading volume of 8,032 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Trading of Pacer Lunt Large Cap Multi-Factor Alternator ETF
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in Pacer Lunt Large Cap Multi-Factor Alternator ETF by 9.2% during the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the company’s stock worth $124,000 after acquiring an additional 201 shares in the last quarter. Miller Global Investments LLC bought a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the fourth quarter worth about $177,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Pacer Lunt Large Cap Multi-Factor Alternator ETF during the third quarter worth about $1,502,000.
Pacer Lunt Large Cap Multi-Factor Alternator ETF Trading Down 1.5%
NYSEARCA PALC traded down $0.89 during mid-day trading on Friday, reaching $57.69. 2,110 shares of the company’s stock traded hands, compared to its average volume of 17,875. Pacer Lunt Large Cap Multi-Factor Alternator ETF has a 1-year low of $48.87 and a 1-year high of $59.40. The company has a fifty day simple moving average of $56.07 and a 200-day simple moving average of $54.47. The company has a market cap of $242.30 million, a price-to-earnings ratio of -40.85 and a beta of 0.93.
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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