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

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. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 91,932 shares, the days-to-cover ratio is currently 0.9 days.

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

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position 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 buying an additional 3,272 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock valued at $4,561,000 after purchasing an additional 5,204 shares in the last quarter. PSI Advisors LLC lifted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the fourth quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after purchasing an additional 2,363 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth about $1,290,000. Finally, Crestwood Advisors Group LLC increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock valued at $1,288,000 after purchasing an additional 8,976 shares during the last quarter.

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

Shares of NYSEARCA FLRT traded up $0.01 during midday trading on Friday, hitting $46.73. The company’s stock had a trading volume of 238,047 shares, compared to its average volume of 112,257. The stock has a fifty day moving average price of $46.80 and a 200 day moving average price of $46.80. 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 firm has a market capitalization of $635.06 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

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.