Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Rises By 55.8%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 35,786 shares, a growth of 55.8% from the July 15th total of 22,965 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 104,426 shares, the short-interest ratio is presently 0.3 days.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

NYSEARCA FLRT opened at $46.85 on Wednesday. The firm’s fifty day simple moving average is $46.75 and its two-hundred day simple moving average is $46.70. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $46.00 and a 12-month high of $47.64. The firm has a market capitalization of $662.93 million, a P/E ratio of 10.84 and a beta of 0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLRT. NewEdge Advisors LLC raised its stake in Pacer Pacific Asset Floating Rate High Income ETF by 1.8% in the fourth quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after buying an additional 3,272 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of 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 worth $4,561,000 after acquiring an additional 5,204 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the fourth quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after acquiring an additional 2,363 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter valued at about $1,290,000. Finally, Crestwood Advisors Group LLC increased its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during the fourth quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock valued at $1,288,000 after acquiring an additional 8,976 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.