Short Interest in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Declines By 61.7%

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 18,500 shares, a decline of 61.7% from the October 15th total of 48,300 shares. Based on an average trading volume of 88,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF stock. Team Financial Group LLC lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,738 shares of the company’s stock after purchasing an additional 4,934 shares during the period. Pacer US Large Cap Cash Cows Growth Leaders ETF comprises 2.4% of Team Financial Group LLC’s portfolio, making the stock its 11th largest holding. Team Financial Group LLC owned approximately 1.92% of Pacer US Large Cap Cash Cows Growth Leaders ETF worth $3,550,000 at the end of the most recent reporting period.

Pacer US Large Cap Cash Cows Growth Leaders ETF Price Performance

NASDAQ:COWG opened at $32.84 on Wednesday. Pacer US Large Cap Cash Cows Growth Leaders ETF has a one year low of $21.72 and a one year high of $32.91. The business has a fifty day moving average price of $29.03 and a 200-day moving average price of $27.49. The firm has a market capitalization of $284.07 million, a price-to-earnings ratio of 25.31 and a beta of 1.07.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Thursday, September 26th were given a $0.0322 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 26th.

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.