Pacer Swan SOS Conservative (April) ETF (BATS:PSCW) Sees Large Growth in Short Interest

Pacer Swan SOS Conservative (April) ETF (BATS:PSCW) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,787 shares, a growth of 2,327.6% from the May 31st total of 156 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 621 shares, the short-interest ratio is currently 6.1 days.

Institutional Investors Weigh In On Pacer Swan SOS Conservative (April) ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PSCW. OLD Mission Capital LLC grew its position in Pacer Swan SOS Conservative (April) ETF by 260.7% during the 4th quarter. OLD Mission Capital LLC now owns 45,975 shares of the company’s stock worth $1,282,000 after acquiring an additional 33,228 shares during the last quarter. MML Investors Services LLC increased its stake in Pacer Swan SOS Conservative (April) ETF by 18.4% in the 4th quarter. MML Investors Services LLC now owns 29,956 shares of the company’s stock worth $835,000 after purchasing an additional 4,653 shares during the period. Kestra Advisory Services LLC bought a new stake in Pacer Swan SOS Conservative (April) ETF in the fourth quarter valued at approximately $54,000. Zacks Investment Management bought a new stake in Pacer Swan SOS Conservative (April) ETF in the third quarter valued at approximately $234,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Pacer Swan SOS Conservative (April) ETF by 14.3% during the second quarter. Osaic Holdings Inc. now owns 25,068 shares of the company’s stock valued at $665,000 after purchasing an additional 3,131 shares during the period.

Pacer Swan SOS Conservative (April) ETF Price Performance

BATS PSCW traded up $0.03 during trading on Thursday, hitting $29.86. 807 shares of the company’s stock traded hands, compared to its average volume of 6,322. The stock has a fifty day moving average of $29.72 and a two-hundred day moving average of $28.68. Pacer Swan SOS Conservative has a 12-month low of $26.42 and a 12-month high of $30.06. The firm has a market cap of $87.49 million, a P/E ratio of 24.80 and a beta of 0.43.

About Pacer Swan SOS Conservative (April) ETF

The Pacer Swan SOS Conservative (April) ETF (PSCW) 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 one-year period. The actively-managed fund holds options and collateral. PSCW was launched on Mar 31, 2021 and is managed by Pacer.