Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 149.0% in May

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 39,620 shares, an increase of 149.0% from the April 30th total of 15,909 shares. Based on an average daily trading volume, of 104,391 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

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

Several institutional investors have recently added to or reduced their stakes in FLRT. Western Wealth Management LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at $1,290,000. Crestwood Advisors Group LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at $870,000. Ameriflex Group Inc. lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in the 3rd quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock valued at $1,004,000 after acquiring an additional 13,386 shares in the last quarter. BNB Wealth Management LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at $388,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Pacer Pacific Asset Floating Rate High Income ETF by 7.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock valued at $4,339,000 after acquiring an additional 6,492 shares in the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Trading Up 0.1%

FLRT opened at $46.87 on Tuesday. The stock has a market capitalization of $604.15 million, a P/E ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 12 month low of $46.00 and a 12 month high of $47.68. The firm’s fifty day simple moving average is $46.62 and its 200 day simple moving average is $46.90.

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.