Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Rises By 55.8%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 35,786 shares, a growth of 55.8% from the July 15th total of 22,965 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 104,426 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter valued at $1,290,000. Crestwood Advisors Group LLC boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock worth $1,288,000 after purchasing an additional 8,976 shares during the period. PSI Advisors LLC boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after purchasing an additional 2,363 shares during the period. Sunbelt Securities Inc. purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter valued at about $141,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of 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 buying an additional 5,204 shares during the period.

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

Pacer Pacific Asset Floating Rate High Income ETF stock opened at $46.88 on Thursday. 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 firm has a market capitalization of $663.35 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. The firm has a 50 day simple moving average of $46.75 and a 200 day simple moving average of $46.69.

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.