Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Expands By 247.9%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 56,572 shares, a growth of 247.9% from the January 15th total of 16,259 shares. Based on an average daily volume of 97,381 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 97,381 shares, the days-to-cover ratio is currently 0.6 days.

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

NYSEARCA FLRT traded up $0.02 on Friday, hitting $47.02. 58,244 shares of the company’s stock were exchanged, compared to its average volume of 105,705. The stock has a market cap of $615.49 million, a price-to-earnings ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 52 week low of $45.06 and a 52 week high of $47.75. The stock has a 50-day moving average of $47.25 and a 200-day moving average of $47.34.

Pacer Pacific Asset Floating Rate High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 26th. Investors of record on Thursday, January 22nd were paid a dividend of $0.1611 per share. The ex-dividend date of this dividend was Thursday, January 22nd. This represents a c) annualized dividend and a yield of 4.1%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLRT. Strategic Blueprint LLC increased its stake in shares of Pacer Pacific Asset Floating Rate High Income ETF by 40.0% in 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. Creative Financial Designs Inc. ADV boosted its holdings in Pacer Pacific Asset Floating Rate High Income ETF by 3.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 85,074 shares of the company’s stock valued at $4,050,000 after acquiring an additional 2,872 shares during the period. Price Capital Management Inc. bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 2nd quarter worth $1,424,000. AdvisorNet Financial Inc grew its position 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 during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the third quarter valued at about $870,000.

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.