Short Interest in Pacer Swan SOS Moderate (April) ETF (BATS:PSMR) Drops By 86.5%

Pacer Swan SOS Moderate (April) ETF (BATS:PSMR) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,343 shares, a drop of 86.5% from the June 15th total of 24,767 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,890 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in Pacer Swan SOS Moderate (April) ETF during the third quarter valued at $2,117,000. Storen Legacy Partners LLC bought a new position in shares of Pacer Swan SOS Moderate (April) ETF during the 4th quarter valued at about $1,317,000. OLD Mission Capital LLC boosted its holdings in shares of Pacer Swan SOS Moderate (April) ETF by 170.5% during the 4th quarter. OLD Mission Capital LLC now owns 34,096 shares of the company’s stock valued at $1,016,000 after purchasing an additional 21,493 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Pacer Swan SOS Moderate (April) ETF during the 4th quarter valued at about $109,000. Finally, LPL Financial LLC grew its position in shares of Pacer Swan SOS Moderate (April) ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 43,935 shares of the company’s stock valued at $1,309,000 after purchasing an additional 927 shares in the last quarter.

Pacer Swan SOS Moderate (April) ETF Stock Performance

Shares of Pacer Swan SOS Moderate (April) ETF stock traded up $0.04 during trading hours on Friday, hitting $32.34. The company’s stock had a trading volume of 244 shares, compared to its average volume of 3,529. The company has a market cap of $106.08 million, a PE ratio of 25.34 and a beta of 0.48. The business has a 50 day moving average price of $32.02 and a two-hundred day moving average price of $30.87. Pacer Swan SOS Moderate has a 12-month low of $28.36 and a 12-month high of $32.34.

About Pacer Swan SOS Moderate (April) ETF

The Pacer Swan SOS Moderate (April) ETF (PSMR) 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. PSMR was launched on Mar 31, 2021 and is managed by Pacer.