Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Down 58.4% in November

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 23,200 shares, a drop of 58.4% from the October 31st total of 55,800 shares. Based on an average daily trading volume, of 16,200 shares, the short-interest ratio is currently 1.4 days.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.7 %

Shares of NASDAQ HERD traded up $0.29 during trading on Friday, hitting $40.42. The company had a trading volume of 1,881 shares, compared to its average volume of 15,132. The firm has a market capitalization of $92.97 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. The stock has a fifty day simple moving average of $39.57 and a two-hundred day simple moving average of $38.72. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $34.81 and a fifty-two week high of $40.74.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 27th were issued a $0.1581 dividend. This represents a $0.63 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, September 27th.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter valued at about $26,000. MML Investors Services LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at about $217,000. World Equity Group Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 18.8% in the 2nd quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock worth $240,000 after purchasing an additional 1,023 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 27.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock worth $251,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Cozad Asset Management Inc. grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 54.4% in the second quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock valued at $299,000 after purchasing an additional 2,838 shares in the last quarter.

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.