Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Expands By 252.6%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 51,062 shares, an increase of 252.6% from the August 15th total of 14,481 shares. Based on an average daily volume of 155,104 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pacer Pacific Asset Floating Rate High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF during the second quarter valued at $301,000. Nations Financial Group Inc. IA ADV purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter worth $240,000. Janney Montgomery Scott LLC bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 1st quarter valued at about $222,000. NewEdge Advisors LLC boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% during the 4th quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after purchasing an additional 3,272 shares during the last quarter. Finally, BNB Wealth Management LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter valued at about $388,000.

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

FLRT stock traded down $0.01 during midday trading on Friday, hitting $46.75. The company’s stock had a trading volume of 165,889 shares, compared to its average volume of 115,263. Pacer Pacific Asset Floating Rate High Income ETF has a 12 month low of $46.00 and a 12 month high of $47.64. The firm has a market capitalization of $661.51 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. The company has a 50 day moving average of $46.75 and a two-hundred day moving average of $46.66.

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.