Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Increases By 20.2%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 25,000 shares, a growth of 20.2% from the December 15th total of 20,800 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in shares of Pacer Cash Cows Fund of Funds ETF by 552,783.7% in the third quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock worth $154,962,000 after purchasing an additional 3,869,486 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 3rd quarter worth $1,459,000. Envestnet Asset Management Inc. raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 17.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock valued at $6,986,000 after buying an additional 28,120 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the second quarter valued at about $815,000. Finally, Cetera Investment Advisers lifted its position in Pacer Cash Cows Fund of Funds ETF by 9.8% in the 2nd 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.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.6 %

HERD traded up $0.22 on Friday, hitting $38.93. The company’s stock had a trading volume of 8,573 shares, compared to its average volume of 12,834. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $35.45 and a 12 month high of $40.74. The firm has a market cap of $93.43 million, a P/E ratio of 7.15 and a beta of 1.00. The company’s 50 day simple moving average is $39.11 and its 200-day simple moving average is $38.88.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 30th were given a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.