MNVR - Pacer Funds Trust - Pacer Swan SOS Moderate (November) ETF
MNVR uses flex options in an effort to moderate losses on SPY ETF over a one-year period starting each November. The fund foregoes some upside return of SPYs dividend as options are written on the price (not total) return version of the index. The fund compensates for the first 15% losses on SPY, beyond it, the fund will experience all subsequent losses on a one-to-one basis.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $1.7M
- Beta
- 0.27
- 52-Week Range
- 31.98-33.67
- IPO Date
- May 1, 2026
- Exchange
- CBOE
MNVR Options Snapshot
Options pricing data for MNVR is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The MNVR overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
MNVR fund facts: expense ratio 0.49%, assets under management $1.7M, NAV $33.61 as of the data source's update on Oct 7, 2026, 6 holdings in its latest file, launched May 1, 2026, issued by Pacer. See the MNVR holdings.
Frequently asked MNVR overview questions
- What is MNVR?
- MNVR is the ticker symbol for Pacer Funds Trust - Pacer Swan SOS Moderate (November) ETF, an listed exchange-traded fund. MNVR uses flex options in an effort to moderate losses on SPY ETF over a one-year period starting each November. The fund foregoes some upside return of SPYs dividend as options are written on the price (not total) return version of the index. Listed on CBOE. MNVR is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are MNVR's key statistics?
- Pacer Funds Trust - Pacer Swan SOS Moderate (November) ETF (MNVR) carries a market capitalization of $1.7M, 52-week range of 31.98-33.67. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does MNVR belong to?
- Pacer Funds Trust - Pacer Swan SOS Moderate (November) ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare MNVR's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the MNVR data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for MNVR, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.