Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 648.7% in June

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 83,103 shares, a growth of 648.7% from the June 15th total of 11,099 shares. Based on an average trading volume of 91,932 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FLRT. PSI Advisors LLC lifted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after buying an additional 2,363 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter valued at approximately $141,000. NewEdge Advisors LLC raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% during the fourth quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after acquiring an additional 3,272 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the first quarter worth $222,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock worth $4,561,000 after acquiring an additional 5,204 shares during the period.

Pacer Pacific Asset Floating Rate High Income ETF Stock Up 0.0%

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.01 during trading on Friday, reaching $46.73. 238,047 shares of the stock were exchanged, compared to its average volume of 112,257. The stock’s fifty day moving average is $46.80 and its 200 day moving average is $46.80. The firm has a market cap of $635.06 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 1 year low of $46.00 and a 1 year high of $47.68.

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.