Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 203.9% in December

by · The Markets Daily

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 83,481 shares, an increase of 203.9% from the November 30th total of 27,474 shares. Based on an average daily volume of 77,495 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 77,495 shares, the short-interest ratio is currently 1.1 days.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

FLRT traded down $0.02 during trading on Friday, hitting $47.14. The company had a trading volume of 64,955 shares, compared to its average volume of 106,015. Pacer Pacific Asset Floating Rate High Income ETF has a 1-year low of $45.06 and a 1-year high of $47.80. The company has a market cap of $568.04 million, a PE ratio of 10.84 and a beta of 0.13. The business has a 50-day moving average of $47.28 and a 200-day moving average of $47.40.

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

Several large investors have recently made changes to their positions in the company. Strategic Blueprint LLC raised its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 40.0% during the second quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock worth $8,324,000 after purchasing an additional 49,981 shares in the last quarter. Price Capital Management Inc. acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 2nd quarter valued at $1,424,000. AdvisorNet Financial Inc raised its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after buying an additional 27,541 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 11.2% during the first quarter. NewEdge Advisors LLC now owns 196,501 shares of the company’s stock valued at $9,253,000 after buying an additional 19,835 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the third quarter worth about $870,000.

About Pacer Pacific Asset Floating Rate High Income ETF

(Get Free Report)

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.

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