Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Increases By 430.8%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 23,226 shares, an increase of 430.8% from the February 12th total of 4,376 shares. Based on an average daily trading volume, of 150,157 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 150,157 shares, the short-interest ratio is presently 0.2 days.

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

Pacer Pacific Asset Floating Rate High Income ETF stock traded down $0.01 on Tuesday, reaching $46.18. 85,301 shares of the stock were exchanged, compared to its average volume of 123,248. Pacer Pacific Asset Floating Rate High Income ETF has a twelve month low of $45.06 and a twelve month high of $47.68. The stock has a market cap of $604.50 million, a PE ratio of 10.84 and a beta of 0.13. The firm has a fifty day moving average price of $47.00 and a two-hundred day moving average price of $47.22.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.29 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLRT. AdvisorNet Financial Inc raised its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the third quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after acquiring an additional 27,541 shares during the last quarter. Western Wealth Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter valued at approximately $1,290,000. Crestwood Advisors Group LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at $870,000. Ameriflex Group Inc. increased its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in the third quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after acquiring an additional 13,386 shares in the last quarter. Finally, BNB Wealth Management LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter worth approximately $388,000.

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.