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

Pacer Swan SOS Flex (April) ETF (BATS:PSFM) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,076 shares, a drop 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 trading volume of 1,573 shares, the short-interest ratio is presently 7.0 days.

Hedge Funds Weigh In On Pacer Swan SOS Flex (April) ETF

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in Pacer Swan SOS Flex (April) ETF in the fourth quarter valued at about $71,000. Citadel Advisors LLC bought a new position in Pacer Swan SOS Flex (April) ETF in the third quarter valued at about $309,000. Finally, Anfield Capital Management LLC boosted its holdings in Pacer Swan SOS Flex (April) ETF by 13.3% in 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 during the last quarter.

Pacer Swan SOS Flex (April) ETF Stock Down 0.2%

Pacer Swan SOS Flex (April) ETF stock opened at $34.49 on Wednesday. The business’s 50-day simple moving average is $34.01 and its 200 day simple moving average is $32.66. The stock has a market cap of $25.87 million, a price-to-earnings ratio of 24.41 and a beta of 0.61. Pacer Swan SOS Flex has a 12-month low of $29.60 and a 12-month high of $34.83.

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.