Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Increases By 174.4%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 21,400 shares, a growth of 174.4% from the May 31st total of 7,800 shares. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is presently 1.6 days.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.5 %

Shares of HERD traded up $0.19 on Friday, hitting $37.17. 12,090 shares of the stock traded hands, compared to its average volume of 16,802. The firm has a market capitalization of $92.92 million, a P/E ratio of 7.15 and a beta of 1.00. The stock’s 50 day moving average is $38.21 and its two-hundred day moving average is $37.71. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $32.94 and a 1 year high of $39.56.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Friday, June 28th.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Several institutional investors and hedge funds have recently modified their holdings of HERD. Envestnet Asset Management Inc. lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 74.5% during the third quarter. Envestnet Asset Management Inc. now owns 152,339 shares of the company’s stock valued at $5,268,000 after buying an additional 65,053 shares during the period. Stratos Wealth Partners LTD. raised its stake in Pacer Cash Cows Fund of Funds ETF by 14.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 19,749 shares of the company’s stock worth $745,000 after purchasing an additional 2,566 shares during the period. Prosperity Wealth Management Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 15.4% during the fourth quarter. Prosperity Wealth Management Inc. now owns 36,255 shares of the company’s stock worth $1,368,000 after purchasing an additional 4,825 shares during the period. Kestra Private Wealth Services LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth approximately $525,000. Finally, Centric Wealth Management raised its stake in Pacer Cash Cows Fund of Funds ETF by 209.0% during the fourth quarter. Centric Wealth Management now owns 33,189 shares of the company’s stock worth $1,214,000 after purchasing an additional 22,448 shares during the period.

About Pacer Cash Cows Fund of Funds ETF

The Pacer Cash Cows Fund of Funds ETF (HERD) is an exchange-traded fund that is based on the Pacer Cash Cows Fund of Funds index. The fund tracks an index of five equally-weighted funds focused on companies in developed markets with high free cash flow yields. HERD was launched on May 3, 2019 and is managed by Pacer.