Pacer Swan SOS Flex (October) ETF (BATS:PSFO) Sees Significant Decline in Short Interest

Pacer Swan SOS Flex (October) ETF (BATS:PSFO) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 616 shares, a drop of 49.3% from the September 15th total of 1,215 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 9,374 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Pacer Swan SOS Flex (October) ETF

An institutional investor recently raised its stake in Pacer Swan SOS Flex (October) ETF stock. Pacer Advisors Inc. boosted its stake in shares of Pacer Swan SOS Flex (October) ETF (BATS:PSFO) by 149.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 895,600 shares of the company’s stock after purchasing an additional 536,905 shares during the period. Pacer Advisors Inc. owned approximately 179.12% of Pacer Swan SOS Flex (October) ETF worth $29,018,000 at the end of the most recent reporting period.

Pacer Swan SOS Flex (October) ETF Stock Performance

Shares of PSFO stock opened at $36.18 on Friday. Pacer Swan SOS Flex has a fifty-two week low of $31.09 and a fifty-two week high of $36.42. The firm has a market capitalization of $18.09 million, a price-to-earnings ratio of 25.24 and a beta of 0.50. The stock’s 50-day simple moving average is $35.72 and its 200-day simple moving average is $34.65.

About Pacer Swan SOS Flex (October) ETF

The Pacer Swan SOS Flex (October) ETF (PSFO) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral. PSFO was launched on Sep 30, 2021 and is managed by Pacer.