Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Declines By 59.5%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 14,481 shares, a decrease of 59.5% from the July 30th total of 35,786 shares. Based on an average trading volume of 113,909 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

FLRT stock opened at $46.66 on Friday. The company has a fifty day moving average price of $46.75 and a 200-day moving average price of $46.68. Pacer Pacific Asset Floating Rate High Income ETF has a 52-week low of $46.00 and a 52-week high of $47.64. The company has a market capitalization of $660.24 million, a P/E ratio of 10.84 and a beta of 0.13.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth approximately $1,290,000. Crestwood Advisors Group LLC lifted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock valued at $1,288,000 after buying an additional 8,976 shares during the period. BNB Wealth Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF in the fourth quarter valued at $388,000. Compass Financial Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF in the second quarter valued at $301,000. Finally, Creative Financial Designs Inc. ADV boosted 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 acquiring an additional 5,204 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.