Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Increases By 268.3%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 15,909 shares, a growth of 268.3% from the April 15th total of 4,320 shares. Based on an average daily volume of 113,135 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Pacer Pacific Asset Floating Rate High Income ETF stock opened at $46.88 on Thursday. The stock has a 50-day moving average of $46.47 and a two-hundred day moving average of $46.94. Pacer Pacific Asset Floating Rate High Income ETF has a one year low of $46.00 and a one year high of $47.68. The stock has a market cap of $604.28 million, a PE ratio of 10.84 and a beta of 0.13.

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

Large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the third quarter valued at approximately $141,000. Janney Montgomery Scott LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the first quarter worth $222,000. BNB Wealth Management LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth $388,000. Crestwood Advisors Group LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter worth $870,000. Finally, Ameriflex Group Inc. raised its holdings 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 worth $1,004,000 after purchasing an additional 13,386 shares during the last quarter.

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.