Pacer Swan SOS Flex (January) ETF (BATS:PSFD) Sees Significant Decline in Short Interest

Pacer Swan SOS Flex (January) ETF (BATS:PSFD) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,190 shares, a decrease of 67.4% from the May 14th total of 3,653 shares. Based on an average daily volume of 1,336 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Pacer Swan SOS Flex (January) ETF Stock Performance

Shares of Pacer Swan SOS Flex (January) ETF stock opened at $39.28 on Friday. The firm has a 50-day simple moving average of $38.80 and a two-hundred day simple moving average of $37.84. Pacer Swan SOS Flex has a fifty-two week low of $33.79 and a fifty-two week high of $39.88. The company has a market cap of $60.10 million, a P/E ratio of 26.65 and a beta of 0.59.

Institutional Trading of Pacer Swan SOS Flex (January) ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Pacer Swan SOS Flex (January) ETF by 24.7% during the fourth quarter. Cetera Investment Advisers now owns 8,165 shares of the company’s stock worth $305,000 after buying an additional 1,615 shares during the period. World Equity Group Inc. purchased a new stake in shares of Pacer Swan SOS Flex (January) ETF during the 4th quarter worth $311,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Pacer Swan SOS Flex (January) ETF in the first quarter valued at approximately $394,000. Signature Equity Partners LLC increased its position in Pacer Swan SOS Flex (January) ETF by 327.1% during the first quarter. Signature Equity Partners LLC now owns 12,940 shares of the company’s stock worth $472,000 after buying an additional 9,910 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Pacer Swan SOS Flex (January) ETF in the 3rd quarter valued at $539,000.

About Pacer Swan SOS Flex (January) ETF

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