Short Interest in Pacer Swan SOS Flex (April) ETF (BATS:PSFM) Declines By 79.6%

Pacer Swan SOS Flex (April) ETF (BATS:PSFM) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,076 shares, a decline of 79.6% from the May 14th total of 54,216 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,573 shares, the short-interest ratio is currently 7.0 days.

Pacer Swan SOS Flex (April) ETF Price Performance

Pacer Swan SOS Flex (April) ETF stock opened at $34.32 on Thursday. The firm has a 50-day moving average of $34.05 and a two-hundred day moving average of $32.69. Pacer Swan SOS Flex has a 1 year low of $29.60 and a 1 year high of $34.83. The stock has a market cap of $25.74 million, a price-to-earnings ratio of 24.41 and a beta of 0.61.

Institutional Trading of Pacer Swan SOS Flex (April) ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Anfield Capital Management LLC raised its stake in shares of Pacer Swan SOS Flex (April) ETF by 13.3% during the third quarter. Anfield Capital Management LLC now owns 14,038 shares of the company’s stock valued at $438,000 after acquiring an additional 1,650 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Pacer Swan SOS Flex (April) ETF during the fourth quarter valued at approximately $71,000. Finally, Citadel Advisors LLC bought a new stake in shares of Pacer Swan SOS Flex (April) ETF during the third quarter valued at approximately $309,000.

Pacer Swan SOS Flex (April) ETF Company Profile

The Pacer Swan SOS Flex (April) ETF (PSFM) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral. PSFM was launched on Mar 31, 2021 and is managed by Pacer.