Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Increases By 268.3%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 15,909 shares, an increase of 268.3% from the April 15th total of 4,320 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 113,135 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 1st quarter valued at $222,000. NewEdge Advisors LLC grew its stake in Pacer Pacific Asset Floating Rate High Income ETF by 1.8% during the 4th quarter. NewEdge Advisors LLC now owns 186,596 shares of the company’s stock valued at $8,795,000 after acquiring an additional 3,272 shares in the last quarter. BNB Wealth Management LLC purchased a new stake in Pacer Pacific Asset Floating Rate High Income ETF during the 4th quarter valued at about $388,000. PSI Advisors LLC grew its stake in Pacer Pacific Asset Floating Rate High Income ETF by 4.6% during the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock valued at $2,553,000 after acquiring an additional 2,363 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in 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 worth $4,561,000 after buying an additional 5,204 shares in the last quarter.

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

FLRT opened at $46.88 on Thursday. The company has a market cap of $604.28 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 $46.00 and a 52-week high of $47.68. The firm’s fifty day simple moving average is $46.47 and its two-hundred day simple moving average is $46.94.

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.