Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Sees Significant Decrease in Short Interest

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 18,142 shares, a decline of 78.3% from the December 15th total of 83,481 shares. Based on an average trading volume of 94,395 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 94,395 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

Several institutional investors have recently made changes to their positions in the company. Strategic Blueprint LLC grew its position in Pacer Pacific Asset Floating Rate High Income ETF by 40.0% in the second quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock worth $8,324,000 after acquiring an additional 49,981 shares during the period. Price Capital Management Inc. acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter valued at $1,424,000. AdvisorNet Financial Inc grew its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after purchasing an additional 27,541 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter worth about $870,000. Finally, Ameriflex Group Inc. increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% during the 3rd quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after purchasing an additional 13,386 shares during the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Trading Up 0.1%

Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.05 during midday trading on Thursday, hitting $47.40. 172,532 shares of the stock were exchanged, compared to its average volume of 102,083. The stock’s 50-day simple moving average is $47.28 and its 200 day simple moving average is $47.38. Pacer Pacific Asset Floating Rate High Income ETF has a fifty-two week low of $45.06 and a fifty-two week high of $47.80. The stock has a market capitalization of $609.09 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

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.