Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Increases By 149.0%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 39,620 shares, a growth of 149.0% from the April 30th total of 15,909 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 104,391 shares, the short-interest ratio is currently 0.4 days.

Pacer Pacific Asset Floating Rate High Income ETF Stock Up 0.1%

Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.04 during trading hours on Monday, hitting $46.87. 89,352 shares of the company’s stock traded hands, compared to its average volume of 113,551. The stock has a 50 day simple moving average of $46.62 and a 200-day simple moving average of $46.90. The company has a market cap of $604.15 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 $47.68.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

Several large investors have recently modified their holdings of FLRT. Janney Montgomery Scott LLC bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the first quarter worth about $222,000. NewEdge Advisors LLC lifted its position 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 worth $8,795,000 after purchasing an additional 3,272 shares during the last quarter. BNB Wealth Management LLC bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth about $388,000. PSI Advisors LLC lifted its position 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 worth $2,553,000 after purchasing an additional 2,363 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position 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 worth $4,561,000 after purchasing an additional 5,204 shares during the last quarter.

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.