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

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 11,099 shares, a decline of 67.1% from the May 31st total of 33,703 shares. Based on an average trading volume of 122,159 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Pacer Pacific Asset Floating Rate High Income ETF Stock Down 0.1%

Shares of NYSEARCA FLRT traded down $0.03 during trading hours on Friday, reaching $46.57. 119,468 shares of the stock traded hands, compared to its average volume of 112,966. The company has a market capitalization of $600.29 million, a P/E 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 company’s 50-day simple moving average is $46.78 and its two-hundred day simple moving average is $46.85.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Ameriflex Group Inc. boosted its position in 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 valued at $1,004,000 after buying an additional 13,386 shares during the period. Western Wealth Management LLC bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth approximately $1,290,000. Creative Financial Designs Inc. ADV lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock valued at $4,561,000 after buying an additional 5,204 shares during the period. PSI Advisors LLC lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock valued at $2,553,000 after acquiring an additional 2,363 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% in the 4th quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock worth $8,795,000 after purchasing an additional 3,272 shares in the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Company Profile

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.