Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Down 78.3% in December

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 18,142 shares, a decline of 78.3% from the December 15th total of 83,481 shares. Based on an average trading volume of 94,395 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 94,395 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

A number of institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc raised its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 36.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 70,697 shares of the company’s stock valued at $3,365,000 after acquiring an additional 19,072 shares during the period. Fifth Third Securities Inc. boosted its position in Pacer Pacific Asset Floating Rate High Income ETF by 22.3% during the 2nd quarter. Fifth Third Securities Inc. now owns 25,270 shares of the company’s stock worth $1,203,000 after purchasing an additional 4,608 shares during the period. Strategic Blueprint LLC increased its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 40.0% in the 2nd quarter. Strategic Blueprint LLC now owns 174,877 shares of the company’s stock valued at $8,324,000 after purchasing an additional 49,981 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in Pacer Pacific Asset Floating Rate High Income ETF by 3.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock valued at $4,050,000 after purchasing an additional 2,872 shares during the period. Finally, Price Capital Management Inc. acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the second quarter worth about $1,424,000.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

FLRT traded up $0.04 during trading on Thursday, hitting $47.39. The company’s stock had a trading volume of 172,532 shares, compared to its average volume of 102,083. Pacer Pacific Asset Floating Rate High Income ETF has a twelve month low of $45.06 and a twelve month high of $47.80. The stock has a market cap of $608.96 million, a PE ratio of 10.84 and a beta of 0.13. The firm’s 50 day moving average price is $47.28 and its 200-day moving average price is $47.38.

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.