Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Short Interest Up 149.0% in May

Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 39,620 shares, a growth of 149.0% from the April 30th total of 15,909 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 104,391 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Pacer Pacific Asset Floating Rate High Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at $870,000. Ameriflex Group Inc. boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 171.5% in the 3rd quarter. Ameriflex Group Inc. now owns 21,192 shares of the company’s stock valued at $1,004,000 after purchasing an additional 13,386 shares during the period. Western Wealth Management LLC bought a new stake in Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at $1,290,000. Creative Financial Designs Inc. ADV boosted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 5.7% in 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, PSI Advisors LLC raised its holdings in 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 valued at $2,553,000 after acquiring an additional 2,363 shares in the last quarter.

Pacer Pacific Asset Floating Rate High Income ETF Price Performance

FLRT opened at $46.83 on Friday. The business has a fifty day simple moving average of $46.61 and a 200 day simple moving average of $46.91. The company has a market capitalization of $603.64 million, a PE ratio of 10.84 and a beta of 0.13. Pacer Pacific Asset Floating Rate High Income ETF has a 1 year low of $46.00 and a 1 year high of $47.68.

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.