Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 35,786 shares, an increase of 55.8% from the July 15th total of 22,965 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 104,426 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Pacer Pacific Asset Floating Rate High Income ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter valued at $141,000. Crestwood Advisors Group LLC grew its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 48.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock worth $1,288,000 after acquiring an additional 8,976 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth $1,290,000. Creative Financial Designs Inc. ADV grew its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 5.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock worth $4,561,000 after acquiring an additional 5,204 shares in the last quarter. Finally, PSI Advisors LLC raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the fourth 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 last quarter.
Pacer Pacific Asset Floating Rate High Income ETF Price Performance
FLRT stock opened at $46.85 on Tuesday. The firm has a market capitalization of $662.93 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 $46.00 and a twelve month high of $47.64. The stock’s 50 day moving average is $46.75 and its 200-day moving average is $46.70.
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.
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