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

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,376 shares, a drop of 92.3% from the January 29th total of 56,572 shares. Based on an average daily trading volume, of 117,794 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 117,794 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Pacer Pacific Asset Floating Rate High Income ETF

A number of institutional investors have recently added to or reduced their stakes in FLRT. Sunbelt Securities Inc. acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter worth approximately $141,000. BNB Wealth Management LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at approximately $388,000. Crestwood Advisors Group LLC purchased a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the third quarter valued at approximately $870,000. Ameriflex Group Inc. boosted its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in 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 in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth $1,290,000.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Pacer Pacific Asset Floating Rate High Income ETF stock traded down $0.22 during trading hours on Wednesday, reaching $46.51. 94,863 shares of the stock were exchanged, compared to its average volume of 115,431. The stock has a market cap of $608.82 million, a P/E ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 52-week low of $45.06 and a 52-week high of $47.68. The firm’s 50 day moving average is $47.17 and its 200 day moving average is $47.31.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.29 per share. This is an increase from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, February 25th.

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.