Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Shares Shorted: Short Interest Up 118.8% in September

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the recipient of a large growth in short interest during the month of 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 trading volume of 146,173 shares, the short-interest ratio is presently 0.8 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLRT. Janney Montgomery Scott LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 1st quarter worth about $222,000. Nations Financial Group Inc. IA ADV purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter valued at about $240,000. Compass Financial Management LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter worth about $301,000. Finally, BNB Wealth Management LLC bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter worth about $388,000.

Pacer Pacific Asset Floating Rate High Income ETF Stock Performance

Pacer Pacific Asset Floating Rate High Income ETF stock remained flat at $46.50 during mid-day trading on Tuesday. The company’s stock had a trading volume of 385,165 shares, compared to its average volume of 140,032. The company has a 50 day simple moving average of $46.75 and a 200 day simple moving average of $46.69. The company has a market capitalization of $790.03 million, a PE 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 $47.53.

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.