Pacer Swan SOS Flex (April) ETF (BATS:PSFM) Sees Large Drop in Short Interest

Pacer Swan SOS Flex (April) ETF (BATS:PSFM) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 11,076 shares, a drop of 79.6% from the May 14th total of 54,216 shares. Based on an average daily trading volume, of 1,573 shares, the days-to-cover ratio is currently 7.0 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSFM. Kestra Advisory Services LLC bought a new stake in shares of Pacer Swan SOS Flex (April) ETF during the 4th quarter valued at approximately $71,000. Citadel Advisors LLC bought a new stake in Pacer Swan SOS Flex (April) ETF in the third quarter valued at approximately $309,000. Finally, Anfield Capital Management LLC increased its position in Pacer Swan SOS Flex (April) ETF by 13.3% during the 3rd quarter. Anfield Capital Management LLC now owns 14,038 shares of the company’s stock valued at $438,000 after purchasing an additional 1,650 shares during the period.

Pacer Swan SOS Flex (April) ETF Stock Performance

Shares of PSFM stock opened at $34.45 on Friday. The stock has a market cap of $25.84 million, a price-to-earnings ratio of 24.41 and a beta of 0.61. The firm’s 50-day moving average is $34.09 and its 200-day moving average is $32.71. Pacer Swan SOS Flex has a 52-week low of $29.60 and a 52-week high of $34.83.

Pacer Swan SOS Flex (April) ETF Company Profile

The Pacer Swan SOS Flex (April) ETF (PSFM) 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. PSFM was launched on Mar 31, 2021 and is managed by Pacer.