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 large decline in short interest during 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 days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 94,395 shares, the days-to-cover ratio is presently 0.2 days.

Pacer Pacific Asset Floating Rate High Income ETF Trading Up 0.0%

Shares of FLRT stock traded up $0.01 on Tuesday, reaching $47.32. The company’s stock had a trading volume of 80,951 shares, compared to its average volume of 95,837. The stock’s fifty 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 1 year low of $45.06 and a 1 year high of $47.80. The company has a market capitalization of $598.53 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

Several hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc grew its position in Pacer Pacific Asset Floating Rate High Income ETF by 36.9% in the second quarter. AdvisorNet Financial Inc now owns 70,697 shares of the company’s stock worth $3,365,000 after acquiring an additional 19,072 shares in the last quarter. Fifth Third Securities Inc. boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 22.3% in the 2nd quarter. Fifth Third Securities Inc. now owns 25,270 shares of the company’s stock worth $1,203,000 after purchasing an additional 4,608 shares during the period. Strategic Blueprint LLC increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 40.0% during the 2nd quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock valued at $8,324,000 after purchasing an additional 49,981 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 3.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock worth $4,050,000 after buying an additional 2,872 shares during the last quarter. Finally, Price Capital Management Inc. bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter worth about $1,424,000.

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.