Pacer Swan SOS Fund of Funds ETF (BATS:PSFF) Sees Large Increase in Short Interest

Pacer Swan SOS Fund of Funds ETF (BATS:PSFF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 122,032 shares, a growth of 108.0% from the July 30th total of 58,661 shares. Based on an average daily volume of 45,977 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Storen Legacy Partners LLC purchased a new position in shares of Pacer Swan SOS Fund of Funds ETF during the fourth quarter valued at about $11,520,000. Verus Capital Partners LLC purchased a new stake in shares of Pacer Swan SOS Fund of Funds ETF during the 4th quarter valued at about $6,795,000. Kestra Private Wealth Services LLC lifted its position in Pacer Swan SOS Fund of Funds ETF by 348.6% during the third quarter. Kestra Private Wealth Services LLC now owns 250,619 shares of the company’s stock valued at $7,918,000 after purchasing an additional 194,753 shares in the last quarter. Evolution Wealth Management Inc. lifted its stake in shares of Pacer Swan SOS Fund of Funds ETF by 97.6% during the 4th quarter. Evolution Wealth Management Inc. now owns 349,058 shares of the company’s stock valued at $11,285,000 after buying an additional 172,435 shares in the last quarter. Finally, World Investment Advisors purchased a new position in shares of Pacer Swan SOS Fund of Funds ETF in the fourth quarter worth $4,311,000.

Pacer Swan SOS Fund of Funds ETF Price Performance

BATS:PSFF opened at $34.99 on Monday. The company has a market cap of $553.89 million, a price-to-earnings ratio of 24.86 and a beta of 0.47. Pacer Swan SOS Fund of Funds ETF has a 1 year low of $30.94 and a 1 year high of $35.09. The stock’s 50 day simple moving average is $34.53 and its two-hundred day simple moving average is $33.60.

Pacer Swan SOS Fund of Funds ETF Company Profile

The Pacer Swan SOS Fund of Funds ETF (PSFF) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds of Pacer Swan SOS ETFs that provide exposure to US securities while limiting downside risk with buffers and caps over one year. PSFF was launched on Dec 29, 2020 and is managed by Pacer.