Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Drops By 78.3%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 18,142 shares, a drop of 78.3% from the December 15th total of 83,481 shares. Based on an average trading volume of 94,395 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 94,395 shares, the short-interest ratio is presently 0.2 days.

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

Shares of FLRT traded up $0.01 during trading hours on Tuesday, reaching $47.32. 80,951 shares of the company traded hands, compared to its average volume of 95,837. The stock’s fifty day moving average price is $47.28 and its 200 day moving average price is $47.38. The firm has a market cap of $598.53 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 $45.06 and a 12-month high of $47.80.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter valued at approximately $141,000. Ameriflex Group Inc. increased its stake in shares of 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 buying an additional 13,386 shares during the period. 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. Crestwood Advisors Group LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the third quarter worth about $870,000. Finally, AdvisorNet Financial Inc lifted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the third quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after acquiring an additional 27,541 shares during the period.

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.