Pacer Swan SOS Flex (January) ETF (BATS:PSFD) Sees Large Decrease in Short Interest

Pacer Swan SOS Flex (January) ETF (BATS:PSFD) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 321 shares, a decrease of 93.2% from the September 15th total of 4,721 shares. Based on an average daily volume of 712 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Pacer Swan SOS Flex (January) ETF Stock Performance

Shares of BATS PSFD traded up $0.13 during trading hours on Friday, hitting $41.34. 142 shares of the stock were exchanged, compared to its average volume of 3,315. The company’s fifty day simple moving average is $40.77 and its two-hundred day simple moving average is $39.62. Pacer Swan SOS Flex has a 1-year low of $35.77 and a 1-year high of $41.34. The company has a market cap of $63.25 million, a PE ratio of 26.65 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Pacer Swan SOS Flex (January) ETF during the second quarter valued at $462,000. World Equity Group Inc. raised its position in shares of Pacer Swan SOS Flex (January) ETF by 57.6% in the 2nd quarter. World Equity Group Inc. now owns 20,440 shares of the company’s stock worth $814,000 after acquiring an additional 7,471 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Pacer Swan SOS Flex (January) ETF by 33.7% in the 1st quarter. Pacer Advisors Inc. now owns 828,431 shares of the company’s stock valued at $30,240,000 after purchasing an additional 208,814 shares during the period. Signature Equity Partners LLC lifted its stake in shares of Pacer Swan SOS Flex (January) ETF by 327.1% in the 1st quarter. Signature Equity Partners LLC now owns 12,940 shares of the company’s stock valued at $472,000 after purchasing an additional 9,910 shares during the period. Finally, Swan Global Investments LLC boosted its position in shares of Pacer Swan SOS Flex (January) ETF by 27.7% during the 1st quarter. Swan Global Investments LLC now owns 828,431 shares of the company’s stock valued at $30,238,000 after purchasing an additional 179,926 shares in the last quarter.

Pacer Swan SOS Flex (January) ETF Company Profile

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.