Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Drops By 59.5%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 14,481 shares, a decrease of 59.5% from the July 30th total of 35,786 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 113,909 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter worth approximately $1,290,000. Crestwood Advisors Group LLC lifted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock worth $1,288,000 after purchasing an additional 8,976 shares during the period. Compass Financial Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter valued at about $301,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter worth about $240,000. Finally, 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 worth $8,795,000 after buying an additional 3,272 shares in the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Shares of FLRT remained flat at $46.66 during midday trading on Friday. 124,214 shares of the stock traded hands, compared to its average volume of 113,621. The stock has a market cap of $660.24 million, a PE ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a one year low of $46.00 and a one year high of $47.64. The firm has a 50 day moving average price of $46.74 and a 200 day moving average price of $46.68.

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.