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 large drop in short interest in July. As of July 15th, there was short interest totaling 22,965 shares, a drop of 72.4% from the June 30th total of 83,103 shares. Based on an average daily volume of 89,457 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

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

NYSEARCA FLRT traded up $0.03 during mid-day trading on Friday, hitting $46.59. The company’s stock had a trading volume of 87,453 shares, compared to its average volume of 110,373. The firm has a market capitalization of $656.45 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. The company’s 50 day simple moving average is $46.79 and its 200 day simple moving average is $46.77. Pacer Pacific Asset Floating Rate High Income ETF has a twelve month low of $46.00 and a twelve month high of $47.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter worth about $141,000. Crestwood Advisors Group LLC lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the 4th 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. Western Wealth Management LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at about $1,290,000. Creative Financial Designs Inc. ADV boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock valued at $4,561,000 after purchasing an additional 5,204 shares during the last quarter. Finally, PSI Advisors LLC boosted its stake 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 purchasing an additional 2,363 shares during 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.