Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Update

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 56,572 shares, an increase of 247.9% from the January 15th total of 16,259 shares. Based on an average daily volume of 97,381 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 97,381 shares, the short-interest ratio is currently 0.6 days.

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

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc increased its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the third quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock valued at $4,655,000 after purchasing an additional 27,541 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 3.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock worth $4,050,000 after purchasing an additional 2,872 shares in the last quarter. Strategic Blueprint LLC increased its position in Pacer Pacific Asset Floating Rate High Income ETF by 40.0% during the second quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock worth $8,324,000 after buying an additional 49,981 shares during the last quarter. Price Capital Management Inc. bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the second quarter valued at about $1,424,000. Finally, PSI Advisors LLC boosted its stake 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 valued at $2,553,000 after purchasing an additional 2,363 shares during the period.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Shares of NYSEARCA:FLRT traded up $0.02 during trading on Friday, reaching $47.02. The company had a trading volume of 58,244 shares, compared to its average volume of 105,705. The firm’s fifty day moving average is $47.25 and its 200 day moving average is $47.34. The firm has a market capitalization of $615.49 million, a PE ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a twelve month low of $45.06 and a twelve month high of $47.75.

Pacer Pacific Asset Floating Rate High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were issued a dividend of $0.1611 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, January 22nd.

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.