Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Drops By 92.3%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,376 shares, a drop of 92.3% from the January 29th total of 56,572 shares. Based on an average daily volume of 117,794 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 117,794 shares, the short-interest ratio is currently 0.0 days.

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

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded down $0.01 during trading on Thursday, hitting $46.50. 140,205 shares of the stock traded hands, compared to its average volume of 116,082. The stock has a market cap of $608.69 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 52 week low of $45.06 and a 52 week high of $47.68. The firm’s fifty day moving average is $47.17 and its 200-day moving average is $47.31.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th will be paid a $0.29 dividend. This is a positive change from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FLRT. NewEdge Advisors LLC raised its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% during the fourth quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after acquiring an additional 3,272 shares during the last quarter. AdvisorNet Financial Inc raised its position in Pacer Pacific Asset Floating Rate High Income ETF by 39.0% during the 3rd 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 during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of 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 buying an additional 5,204 shares during the period. PSI Advisors LLC raised its holdings in shares of 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 valued at $2,553,000 after acquiring an additional 2,363 shares in the last quarter. Finally, Price Capital Management Inc. purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the second quarter worth $1,424,000.

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.