Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 55.8% in July

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a significant increase in short interest in 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 trading volume of 104,426 shares, the days-to-cover ratio is currently 0.3 days.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

Shares of NYSEARCA:FLRT opened at $46.85 on Tuesday. 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. The firm has a market capitalization of $662.93 million, a price-to-earnings ratio of 10.84 and a beta of 0.13.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake 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 buying an additional 3,272 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings 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 valued at $4,561,000 after buying an additional 5,204 shares during the last quarter. PSI Advisors LLC increased 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 acquiring an additional 2,363 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth about $1,290,000. Finally, Crestwood Advisors Group LLC increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 48.9% during the fourth 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.

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.