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

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

Pacer Cash Cows Fund of Funds ETF Stock Down 0.0 %

Shares of Pacer Cash Cows Fund of Funds ETF stock traded down $0.01 on Thursday, reaching $40.13. The company’s stock had a trading volume of 19,754 shares, compared to its average volume of 15,190. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $34.71 and a 52 week high of $40.74. The firm’s fifty day simple moving average is $39.55 and its two-hundred day simple moving average is $38.71. The company has a market capitalization of $92.31 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 27th were given a $0.1581 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the first quarter worth approximately $5,656,000. World Equity Group Inc. lifted its stake in shares of 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 during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 27.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock worth $251,000 after buying an additional 1,467 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the second quarter valued at approximately $26,000. Finally, Commonwealth Equity Services LLC increased its holdings 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 valued at $3,609,000 after buying an additional 3,707 shares during the last quarter.

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.