Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Sees Large Increase in Short Interest

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 111,702 shares, a growth of 118.8% from the August 31st total of 51,062 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 146,173 shares, the short-interest ratio is presently 0.8 days.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Shares of FLRT traded up $0.02 during mid-day trading on Friday, hitting $46.57. 2,561,578 shares of the company’s stock were exchanged, compared to its average volume of 137,992. The company has a market cap of $791.22 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 fifty-two week low of $46.00 and a fifty-two week high of $47.53. The stock’s 50-day moving average is $46.75 and its 200-day moving average is $46.69.

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

Several large investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter worth approximately $301,000. Nations Financial Group Inc. IA ADV purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter valued at approximately $240,000. Janney Montgomery Scott LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the first quarter worth $222,000. Finally, BNB Wealth Management LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the fourth quarter worth $388,000.

Pacer Pacific Asset Floating Rate High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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