Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Down 59.5% in August

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 14,481 shares, a drop of 59.5% from the July 30th total of 35,786 shares. Based on an average daily volume of 113,909 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors 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 FLRT. Sunbelt Securities Inc. acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter worth approximately $141,000. Janney Montgomery Scott LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 1st quarter valued at $222,000. Nations Financial Group Inc. IA ADV bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter valued at $240,000. Compass Financial Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the second quarter worth $301,000. Finally, BNB Wealth Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth $388,000.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Shares of FLRT opened at $46.66 on Friday. The firm has a market cap of $660.24 million, a PE 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 $47.64. The business’s 50 day moving average price is $46.75 and its two-hundred day moving average price is $46.68.

About Pacer Pacific Asset Floating Rate High Income ETF

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.