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 significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 51,062 shares, an increase of 252.6% from the August 15th total of 14,481 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 155,104 shares, the short-interest ratio is presently 0.3 days.

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

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded down $0.02 during trading hours on Monday, hitting $46.73. 9,527 shares of the company were exchanged, compared to its average volume of 114,641. The business has a 50-day moving average of $46.75 and a 200-day moving average of $46.66. Pacer Pacific Asset Floating Rate High Income ETF has a 1 year low of $46.00 and a 1 year high of $47.64. The stock has a market capitalization of $661.23 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

Hedge Funds Weigh In On Pacer Pacific Asset Floating Rate High Income ETF

A number of large investors have recently bought and sold shares of FLRT. NewEdge Advisors LLC boosted its holdings in shares of 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 acquiring an additional 3,272 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% in the fourth 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 period. PSI Advisors LLC lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the fourth 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 period. Western Wealth Management LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at approximately $1,290,000. Finally, BNB Wealth Management LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at 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.