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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant growth in short interest in the month of 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 trading volume of 9,700 shares, the short-interest ratio is presently 1.8 days.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.1 %

Shares of NASDAQ:HERD traded up $0.03 during mid-day trading on Wednesday, reaching $38.90. The stock had a trading volume of 12,159 shares, compared to its average volume of 14,118. The company has a market cap 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 1 year low of $33.04 and a 1 year high of $40.09. The business’s 50 day moving average price is $39.20 and its 200 day moving average price is $38.46.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HERD. Commonwealth Equity Services LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 42.6% during the first quarter. Commonwealth Equity Services LLC now owns 93,393 shares of the company’s stock valued at $3,669,000 after acquiring an additional 27,910 shares in the last quarter. Centric Wealth Management grew its holdings in Pacer Cash Cows Fund of Funds ETF by 13.7% during the 1st quarter. Centric Wealth Management now owns 37,733 shares of the company’s stock worth $1,421,000 after acquiring an additional 4,544 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Pacer Cash Cows Fund of Funds ETF by 36.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 19,854 shares of the company’s stock valued at $780,000 after purchasing an additional 5,258 shares during the period. Cozad Asset Management Inc. bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 1st quarter valued at about $205,000. Finally, Cetera Investment Advisers bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the first quarter valued at approximately $5,656,000.

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.