Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Large Growth in Short Interest

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 17,600 shares, a growth of 26.6% from the September 30th total of 13,900 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 552,783.7% during the third quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock worth $154,962,000 after buying an additional 3,869,486 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Pacer Cash Cows Fund of Funds ETF by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock worth $6,986,000 after buying an additional 28,120 shares during the last quarter. Cetera Investment Advisers boosted its stake in Pacer Cash Cows Fund of Funds ETF by 9.8% during the second quarter. Cetera Investment Advisers now owns 158,065 shares of the company’s stock worth $5,875,000 after buying an additional 14,113 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 4.0% during the second quarter. Commonwealth Equity Services LLC now owns 97,100 shares of the company’s stock worth $3,609,000 after buying an additional 3,707 shares during the last quarter. Finally, Founders Financial Securities LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 39.5% during the second quarter. Founders Financial Securities LLC now owns 38,709 shares of the company’s stock worth $1,439,000 after buying an additional 10,966 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.1 %

Shares of Pacer Cash Cows Fund of Funds ETF stock traded up $0.03 on Wednesday, reaching $38.90. The company’s stock had a trading volume of 12,159 shares, compared to its average volume of 14,118. The company has a market capitalization of $89.47 million, a P/E ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $33.04 and a 52-week high of $40.09. The stock has a 50-day moving average price of $39.20 and a 200-day moving average price of $38.46.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 27th were given a dividend of $0.1581 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, September 27th.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.