Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, a growth of 366.7% from the February 28th total of 300 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Several large investors have recently added to or reduced their stakes in HERD. EverSource Wealth Advisors LLC grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock worth $69,000 after acquiring an additional 325 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock worth $152,000 after purchasing an additional 730 shares in the last quarter. MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at about $217,000. Jane Street Group LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $242,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth approximately $297,000.

Pacer Cash Cows Fund of Funds ETF Trading Down 1.4 %

Pacer Cash Cows Fund of Funds ETF stock traded down $0.52 during midday trading on Friday, reaching $37.62. The stock had a trading volume of 7,178 shares, compared to its average volume of 14,609. The company has a fifty day moving average price of $38.61 and a two-hundred day moving average price of $39.00. The company has a market capitalization of $90.29 million, a P/E ratio of 13.43 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $36.29 and a 12 month high of $40.74.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, March 7th were paid a $0.108 dividend. The ex-dividend date of this dividend was Friday, March 7th.

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.