Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Down 72.4% in July

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 22,965 shares, a decline of 72.4% from the June 30th total of 83,103 shares. Based on an average trading volume of 89,457 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Pacer Pacific Asset Floating Rate High Income ETF Trading Up 0.0%

Shares of NYSEARCA FLRT traded up $0.01 during trading hours on Tuesday, reaching $46.60. The stock had a trading volume of 40,511 shares, compared to its average volume of 110,083. Pacer Pacific Asset Floating Rate High Income ETF has a 52-week low of $46.00 and a 52-week high of $47.64. The firm has a market cap of $656.59 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. The business’s fifty day moving average price is $46.78 and its two-hundred day moving average price is $46.76.

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

Several hedge funds have recently made changes to their positions in FLRT. NewEdge Advisors LLC raised its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% in the fourth quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after acquiring an additional 3,272 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% during 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. PSI Advisors LLC grew its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after acquiring an additional 2,363 shares in the last quarter. Western Wealth Management LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter valued at about $1,290,000. Finally, Crestwood Advisors Group LLC increased its position in Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during the 4th quarter. Crestwood Advisors Group LLC now owns 27,324 shares of the company’s stock valued at $1,288,000 after purchasing an additional 8,976 shares during the period.

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.