Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) Sees Significant Growth in Short Interest

Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 5,417 shares, a growth of 696.6% from the August 31st total of 680 shares. Based on an average trading volume of 785 shares, the short-interest ratio is currently 6.9 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Pacer Swan SOS Moderate (January) ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PSMD. Cornerstone Wealth Group LLC purchased a new stake in Pacer Swan SOS Moderate (January) ETF in the first quarter valued at $202,000. Kestra Advisory Services LLC increased its position in Pacer Swan SOS Moderate (January) ETF by 76.8% during the first quarter. Kestra Advisory Services LLC now owns 6,630 shares of the company’s stock worth $211,000 after buying an additional 2,880 shares during the period. Independent Financial Group LLC acquired a new position in Pacer Swan SOS Moderate (January) ETF during the first quarter worth approximately $288,000. Cetera Investment Advisers lifted its stake in Pacer Swan SOS Moderate (January) ETF by 3.0% in the first quarter. Cetera Investment Advisers now owns 11,172 shares of the company’s stock valued at $356,000 after buying an additional 327 shares during the last quarter. Finally, Insight Wealth Strategies LLC lifted its stake in Pacer Swan SOS Moderate (January) ETF by 55.6% in the second quarter. Insight Wealth Strategies LLC now owns 40,170 shares of the company’s stock valued at $1,378,000 after buying an additional 14,351 shares during the last quarter.

Pacer Swan SOS Moderate (January) ETF Stock Down 0.1%

PSMD traded down $0.03 on Thursday, reaching $35.19. The company’s stock had a trading volume of 12,028 shares, compared to its average volume of 4,576. The company has a market capitalization of $102.05 million, a price-to-earnings ratio of 25.75 and a beta of 0.47. Pacer Swan SOS Moderate has a fifty-two week low of $30.84 and a fifty-two week high of $35.31. The stock has a 50 day moving average of $34.84 and a two-hundred day moving average of $33.93.

About Pacer Swan SOS Moderate (January) ETF

The Pacer Swan SOS Moderate (January) ETF (PSMD) 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. PSMD was launched on Dec 22, 2020 and is managed by Pacer.