Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Sees Large Decrease in Short Interest

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 11,099 shares, a decline of 67.1% from the May 31st total of 33,703 shares. Based on an average trading volume of 122,159 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

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

Institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. increased its position in Pacer Pacific Asset Floating Rate High Income ETF by 171.5% during the third 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 last quarter. Western Wealth Management LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth approximately $1,290,000. Crestwood Advisors Group LLC raised its position in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock valued at $1,288,000 after purchasing an additional 8,976 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 7.6% in the third 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 in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at about $141,000.

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

Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.06 during mid-day trading on Monday, reaching $46.63. 115,907 shares of the company’s stock traded hands, compared to its average volume of 112,989. The stock has a 50 day moving average of $46.78 and a two-hundred day moving average of $46.84. The company has a market cap of $601.06 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $46.00 and a 12-month high of $47.68.

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.