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 April. As of April 30th, there was short interest totaling 15,909 shares, an increase of 268.3% from the April 15th total of 4,320 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 113,135 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of NYSEARCA FLRT traded up $0.01 during midday trading on Friday, reaching $46.92. 114,556 shares of the stock were exchanged, compared to its average volume of 115,536. The company has a market capitalization of $604.80 million, a P/E ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 52-week low of $46.00 and a 52-week high of $47.68. The stock has a 50 day moving average price of $46.50 and a 200-day moving average price of $46.94.

Institutional Investors Weigh In On Pacer Pacific Asset Floating Rate High Income ETF

Several hedge funds have recently modified their holdings of FLRT. Sunbelt Securities Inc. acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the third quarter worth approximately $141,000. Janney Montgomery Scott LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the first quarter worth approximately $222,000. BNB Wealth Management LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the fourth quarter worth approximately $388,000. Crestwood Advisors Group LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the third quarter worth approximately $870,000. Finally, Ameriflex Group Inc. boosted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in the third quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after acquiring an additional 13,386 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.