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

Pacer Swan SOS Moderate (January) ETF (BATS:PSMD) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,188 shares, a growth of 67.2% from the September 30th total of 4,896 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 820 shares, the days-to-cover ratio is currently 10.0 days.

Pacer Swan SOS Moderate (January) ETF Trading Down 0.2%

BATS PSMD opened at $35.12 on Tuesday. Pacer Swan SOS Moderate has a 12 month low of $30.84 and a 12 month high of $35.52. The stock has a 50-day simple moving average of $35.20 and a 200 day simple moving average of $33.91. The company has a market capitalization of $101.85 million, a PE ratio of 25.75 and a beta of 0.47.

Hedge Funds Weigh In On Pacer Swan SOS Moderate (January) ETF

Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in Pacer Swan SOS Moderate (January) ETF by 15.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,365,077 shares of the company’s stock worth $75,422,000 after acquiring an additional 310,777 shares during the last quarter. Swan Global Investments LLC grew its holdings in Pacer Swan SOS Moderate (January) ETF by 12.9% during the first 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 period. Insight Wealth Strategies LLC increased 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 purchasing an additional 14,351 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Pacer Swan SOS Moderate (January) ETF in the third quarter valued at approximately $455,000. Finally, Independent Financial Group LLC acquired a new stake in Pacer Swan SOS Moderate (January) ETF in the first quarter worth $288,000.

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.