Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) Sees Large Increase in Short Interest

Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) was the recipient 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 daily volume of 785 shares, the days-to-cover ratio is currently 6.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Swan Global Investments LLC increased its position in shares of Pacer Swan SOS Moderate (January) ETF by 12.9% in the 1st quarter. Swan Global Investments LLC now owns 2,365,077 shares of the company’s stock valued at $75,422,000 after purchasing an additional 270,060 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Pacer Swan SOS Moderate (January) ETF by 55.6% during the second quarter. Insight Wealth Strategies LLC now owns 40,170 shares of the company’s stock worth $1,378,000 after purchasing an additional 14,351 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Pacer Swan SOS Moderate (January) ETF by 15.1% in the first quarter. Pacer Advisors Inc. now owns 2,365,077 shares of the company’s stock valued at $75,422,000 after buying an additional 310,777 shares during the last quarter. Independent Financial Group LLC purchased a new position in Pacer Swan SOS Moderate (January) ETF in the first quarter valued at $288,000. Finally, Cetera Investment Advisers raised 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 in the last quarter.

Pacer Swan SOS Moderate (January) ETF Stock Performance

PSMD stock traded down $0.03 during mid-day trading on Thursday, reaching $35.19. The company had a trading volume of 12,028 shares, compared to its average volume of 4,576. The firm has a fifty day simple moving average of $34.84 and a 200 day simple moving average of $33.93. 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.

Pacer Swan SOS Moderate (January) ETF Company Profile

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.