Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Declines By 67.1%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 11,099 shares, a decrease of 67.1% from the May 31st total of 33,703 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 122,159 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter valued at about $1,290,000. Ameriflex Group Inc. boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 171.5% during the third quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after purchasing an additional 13,386 shares during the period. Crestwood Advisors Group LLC boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during 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. BNB Wealth Management LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter valued at approximately $388,000. Finally, Creative Financial Designs Inc. ADV increased its stake 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 buying an additional 6,492 shares during the period.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Pacer Pacific Asset Floating Rate High Income ETF stock remained flat at $46.63 during midday trading on Tuesday. 82,741 shares of the company were exchanged, compared to its average volume of 112,684. Pacer Pacific Asset Floating Rate High Income ETF has a 1 year low of $46.00 and a 1 year high of $47.68. The firm has a market cap of $601.06 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. The firm has a fifty day moving average of $46.78 and a two-hundred day moving average of $46.84.

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.