Short Interest in Pacer Swan SOS Flex (April) ETF (BATS:PSFM) Increases By 575.6%

Pacer Swan SOS Flex (April) ETF (BATS:PSFM) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 54,216 shares, a growth of 575.6% from the April 30th total of 8,025 shares. Approximately 7.2% of the company’s stock are short sold. Based on an average daily volume of 4,826 shares, the short-interest ratio is presently 11.2 days.

Hedge Funds Weigh In On Pacer Swan SOS Flex (April) ETF

A number of hedge funds have recently bought and sold shares of PSFM. Anfield Capital Management LLC grew its stake in Pacer Swan SOS Flex (April) ETF by 13.3% in the third quarter. Anfield Capital Management LLC now owns 14,038 shares of the company’s stock worth $438,000 after purchasing an additional 1,650 shares in the last quarter. Citadel Advisors LLC acquired a new position in Pacer Swan SOS Flex (April) ETF in the third quarter worth about $309,000. Finally, Kestra Advisory Services LLC acquired a new position in Pacer Swan SOS Flex (April) ETF in the fourth quarter worth about $71,000.

Pacer Swan SOS Flex (April) ETF Stock Performance

BATS:PSFM opened at $34.79 on Friday. The company has a market capitalization of $26.09 million, a price-to-earnings ratio of 24.41 and a beta of 0.61. Pacer Swan SOS Flex has a one year low of $29.37 and a one year high of $34.79. The stock has a 50-day simple moving average of $33.66 and a 200 day simple moving average of $32.49.

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.