Short Interest in Pacer Swan SOS Flex (April) ETF (BATS:PSFM) Increases By 575.6%

Pacer Swan SOS Flex (April) ETF (BATS:PSFM) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 54,216 shares, a growth of 575.6% from the April 30th total of 8,025 shares. Based on an average daily volume of 4,826 shares, the short-interest ratio is currently 11.2 days. Currently, 7.2% of the shares of the stock are sold short.

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

Several institutional investors have recently added to or reduced their stakes in PSFM. Anfield Capital Management LLC lifted its holdings in Pacer Swan SOS Flex (April) ETF by 13.3% during the 3rd quarter. Anfield Capital Management LLC now owns 14,038 shares of the company’s stock valued at $438,000 after purchasing an additional 1,650 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Pacer Swan SOS Flex (April) ETF in the third quarter worth about $309,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Pacer Swan SOS Flex (April) ETF in the fourth quarter worth about $71,000.

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

Shares of PSFM stock opened at $34.76 on Friday. Pacer Swan SOS Flex has a 12-month low of $29.37 and a 12-month high of $34.76. The company has a market capitalization of $26.07 million, a P/E ratio of 24.41 and a beta of 0.61. The firm has a 50-day moving average price of $33.61 and a 200 day moving average price of $32.47.

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.