Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT – Get Free Report) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 146,173 shares, the short-interest ratio is presently 0.8 days. Currently, 0.7% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the second quarter worth approximately $301,000. Nations Financial Group Inc. IA ADV acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter worth $240,000. Janney Montgomery Scott LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 1st quarter valued at $222,000. Finally, BNB Wealth Management LLC acquired a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at $388,000.
Pacer Pacific Asset Floating Rate High Income ETF Stock Performance
Shares of NYSEARCA FLRT traded down $0.07 during midday trading on Monday, reaching $46.50. 269,149 shares of the company traded hands, compared to its average volume of 138,556. Pacer Pacific Asset Floating Rate High Income ETF has a 12 month low of $46.00 and a 12 month high of $47.53. The stock’s 50-day simple moving average is $46.75 and its 200-day simple moving average is $46.69. The firm has a market cap of $790.03 million, a PE ratio of 10.84 and a beta of 0.13.
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.
Recommended Stories
- Five stocks we like better than Pacer Pacific Asset Floating Rate High Income ETF
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
Receive News & Ratings for Pacer Pacific Asset Floating Rate High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacer Pacific Asset Floating Rate High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
