Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) Sees Large Decrease in Short Interest
by Amy Steele · The Cerbat GemPacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT – Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,320 shares, a decline of 96.3% from the March 31st total of 115,725 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 140,022 shares, the days-to-cover ratio is presently 0.0 days.
Pacer Pacific Asset Floating Rate High Income ETF Price Performance
Shares of Pacer Pacific Asset Floating Rate High Income ETF stock traded up $0.06 during trading on Friday, hitting $46.55. 80,529 shares of the company were exchanged, compared to its average volume of 118,532. The firm has a market capitalization of $600.03 million, a P/E 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. The firm’s fifty day moving average price is $46.49 and its 200 day moving average price is $46.99.
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 given a dividend of $0.29 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Wednesday, February 25th. This is an increase from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16.
Hedge Funds Weigh In On Pacer Pacific Asset Floating Rate High Income ETF
Several institutional investors have recently modified their holdings of FLRT. Crestwood Advisors Group LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF during the 3rd quarter worth about $870,000. Creative Financial Designs Inc. ADV grew its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 7.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock worth $4,339,000 after buying an additional 6,492 shares during the period. Ameriflex Group Inc. grew its position in shares of 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. Sunbelt Securities Inc. acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at approximately $141,000. Finally, Western Wealth Management LLC acquired a new position in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 4th quarter valued at approximately $1,290,000.
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.