Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Update

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 83,481 shares, an increase of 203.9% from the November 30th total of 27,474 shares. Based on an average daily volume of 77,495 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 77,495 shares, the short-interest ratio is currently 1.1 days.

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

FLRT stock opened at $47.14 on Friday. Pacer Pacific Asset Floating Rate High Income ETF has a twelve month low of $45.06 and a twelve month high of $47.80. The company has a market capitalization of $568.04 million, a P/E ratio of 10.84 and a beta of 0.13. The firm has a 50 day simple moving average of $47.28 and a 200-day simple moving average of $47.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLRT. NewEdge Advisors LLC lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 11.2% in the 1st quarter. NewEdge Advisors LLC now owns 196,501 shares of the company’s stock worth $9,253,000 after buying an additional 19,835 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 40.0% in the second quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock worth $8,324,000 after acquiring an additional 49,981 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% during 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 in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Pacer Pacific Asset Floating Rate High Income ETF by 7.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock valued at $4,339,000 after purchasing an additional 6,492 shares during the last quarter. Finally, Price Capital Management Inc. acquired a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the second quarter valued at $1,424,000.

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.