Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Update

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 83,103 shares, a growth of 648.7% from the June 15th total of 11,099 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 91,932 shares, the short-interest ratio is presently 0.9 days.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock remained flat at $46.73 during trading hours on Monday. The stock had a trading volume of 10,995 shares, compared to its average volume of 111,460. The firm has a market capitalization of $637.86 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 52 week low of $46.00 and a 52 week high of $47.68. The business’s 50-day simple moving average is $46.80 and its 200 day simple moving average is $46.79.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of hedge funds have recently made changes to their positions in FLRT. PSI Advisors LLC grew its position in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after purchasing an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter valued at approximately $141,000. NewEdge Advisors LLC boosted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% during the fourth quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock worth $8,795,000 after buying an additional 3,272 shares during the period. Janney Montgomery Scott LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 1st quarter worth approximately $222,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock worth $4,561,000 after buying an additional 5,204 shares in the last quarter.

About Pacer Pacific Asset Floating Rate High Income ETF

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.