Pacer Swan SOS Moderate (October) ETF (BATS:PSMO) Sees Significant Drop in Short Interest

Pacer Swan SOS Moderate (October) ETF (BATS:PSMO) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 269 shares, a decline of 97.5% from the August 31st total of 10,645 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,685 shares, the days-to-cover ratio is currently 0.1 days.

Pacer Swan SOS Moderate (October) ETF Stock Performance

BATS PSMO opened at $33.53 on Friday. The company has a market cap of $113.33 million, a P/E ratio of 24.78 and a beta of 0.40. The business’s 50 day moving average price is $33.13 and its 200-day moving average price is $32.20. Pacer Swan SOS Moderate has a fifty-two week low of $29.68 and a fifty-two week high of $33.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSMO. Cetera Investment Advisers raised its stake in shares of Pacer Swan SOS Moderate (October) ETF by 1.0% in the first quarter. Cetera Investment Advisers now owns 42,941 shares of the company’s stock valued at $1,296,000 after acquiring an additional 437 shares during the period. Independent Financial Group LLC purchased a new position in shares of Pacer Swan SOS Moderate (October) ETF during the 1st quarter worth about $549,000. Storen Legacy Partners LLC bought a new position in Pacer Swan SOS Moderate (October) ETF during the 4th quarter valued at about $377,000. Pacer Advisors Inc. grew its holdings in Pacer Swan SOS Moderate (October) ETF by 38.3% during the 4th quarter. Pacer Advisors Inc. now owns 2,800,433 shares of the company’s stock valued at $86,134,000 after purchasing an additional 775,658 shares during the last quarter. Finally, Swan Global Investments LLC grew its holdings in Pacer Swan SOS Moderate (October) ETF by 34.2% during the 4th quarter. Swan Global Investments LLC now owns 2,800,433 shares of the company’s stock valued at $86,141,000 after purchasing an additional 713,367 shares during the last quarter.

About Pacer Swan SOS Moderate (October) ETF

The Pacer Swan SOS Moderate (October) ETF (PSMO) is an exchange-traded fund that mostly invests in large cap equity. 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. PSMO was launched on Sep 30, 2021 and is managed by Pacer.