Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 252.6% in August

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 51,062 shares, a growth of 252.6% from the August 15th total of 14,481 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 155,104 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PSI Advisors LLC increased its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock valued at $2,553,000 after acquiring an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at approximately $141,000. NewEdge Advisors LLC lifted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 1.8% in the 4th quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock worth $8,795,000 after purchasing an additional 3,272 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 1st quarter worth approximately $222,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the second quarter worth approximately $240,000.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

Shares of FLRT stock traded down $0.01 on Friday, hitting $46.75. The company’s stock had a trading volume of 165,889 shares, compared to its average volume of 115,263. The stock has a market capitalization of $661.51 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 fifty-two week low of $46.00 and a fifty-two week high of $47.64. The firm’s fifty day moving average price is $46.75 and its 200-day moving average price is $46.66.

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.