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

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 23,226 shares, a growth 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. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 150,157 shares, the short-interest ratio is presently 0.2 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock valued at $4,655,000 after buying an additional 27,541 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at approximately $870,000. Creative Financial Designs Inc. ADV raised its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 7.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock valued at $4,339,000 after acquiring an additional 6,492 shares during the period. Ameriflex Group Inc. raised its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 171.5% during the 3rd quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock valued at $1,004,000 after acquiring an additional 13,386 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter valued at $141,000.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

FLRT traded up $0.13 during midday trading on Thursday, reaching $46.30. The company had a trading volume of 46,688 shares, compared to its average volume of 120,587. The stock has a market cap of $606.07 million, a PE ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $45.06 and a 12-month high of $47.68. The business has a 50-day moving average price of $46.97 and a two-hundred day moving average price of $47.21.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

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

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.