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

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,099 shares, a decrease of 67.1% from the May 31st total of 33,703 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 122,159 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of FLRT stock traded down $0.03 on Friday, reaching $46.57. The company’s stock had a trading volume of 119,468 shares, compared to its average volume of 112,966. The company has a market capitalization of $600.29 million, a P/E ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $46.00 and a 12-month high of $47.68. The stock’s 50 day simple moving average is $46.78 and its 200-day simple moving average is $46.85.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of large investors have recently modified their holdings of FLRT. Creative Financial Designs Inc. ADV increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 7.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock worth $4,339,000 after purchasing an additional 6,492 shares during the last quarter. Ameriflex Group Inc. grew its stake in Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in the 3rd quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock worth $1,004,000 after buying an additional 13,386 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter worth approximately $141,000. Crestwood Advisors Group LLC increased its holdings 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 buying an additional 8,976 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth $1,290,000.

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.