Pacer Swan SOS Moderate (July) ETF (BATS:PSMJ) Sees Significant Decrease in Short Interest

Pacer Swan SOS Moderate (July) ETF (BATS:PSMJ) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 30,372 shares, a drop of 58.2% from the September 15th total of 72,601 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,674 shares, the short-interest ratio is presently 3.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Pacer Swan SOS Moderate (July) ETF stock. Ameritas Advisory Services LLC grew its position in shares of Pacer Swan SOS Moderate (July) ETF (BATS:PSMJ) by 33.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Ameritas Advisory Services LLC owned 0.53% of Pacer Swan SOS Moderate (July) ETF worth $450,000 at the end of the most recent quarter.

Pacer Swan SOS Moderate (July) ETF Stock Down 0.6%

Shares of BATS:PSMJ opened at $34.65 on Thursday. Pacer Swan SOS Moderate has a 52-week low of $31.27 and a 52-week high of $34.90. The stock’s fifty day simple moving average is $34.51 and its 200-day simple moving average is $33.79. The company has a market capitalization of $86.62 million, a P/E ratio of 25.18 and a beta of 0.48.

About Pacer Swan SOS Moderate (July) ETF

The Pacer Swan SOS Moderate (July) ETF (PSMJ) 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 the SPDR S&P 500 ETF over a specific holdings period. The actively-managed fund holds options and collateral. PSMJ was launched on Jun 30, 2021 and is managed by Pacer.