Short Interest in Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Expands By 430.8%

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 23,226 shares, a growth of 430.8% from the February 12th total of 4,376 shares. Based on an average daily volume of 150,157 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 150,157 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLRT. PSI Advisors LLC lifted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 4.6% in the 4th quarter. PSI Advisors LLC now owns 54,166 shares of the company’s stock worth $2,553,000 after buying an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at about $141,000. NewEdge Advisors LLC boosted its holdings in shares of Pacer Pacific Asset Floating Rate High Income ETF by 1.8% in the fourth 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. Creative Financial Designs Inc. ADV increased its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 5.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 96,770 shares of the company’s stock valued at $4,561,000 after purchasing an additional 5,204 shares during the period. Finally, BNB Wealth Management LLC acquired a new position in Pacer Pacific Asset Floating Rate High Income ETF during the fourth quarter worth about $388,000.

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

FLRT traded down $0.01 during midday trading on Tuesday, hitting $46.18. The company’s stock had a trading volume of 85,301 shares, compared to its average volume of 123,248. Pacer Pacific Asset Floating Rate High Income ETF has a 52-week low of $45.06 and a 52-week high of $47.68. The firm has a 50-day moving average price of $47.00 and a two-hundred day moving average price of $47.22. The firm has a market cap of $604.50 million, a P/E ratio of 10.84 and a beta of 0.13.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were paid a $0.29 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. This is an increase from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, February 25th.

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.