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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 55,800 shares, an increase of 217.0% from the October 15th total of 17,600 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 4.9 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 36.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 19,854 shares of the company’s stock worth $780,000 after purchasing an additional 5,258 shares in the last quarter. Cozad Asset Management Inc. purchased a new position in Pacer Cash Cows Fund of Funds ETF in the first quarter worth $205,000. Cetera Investment Advisers bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 1st quarter valued at approximately $5,656,000. World Equity Group Inc. raised its holdings 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. Finally, Patriot Financial Group Insurance Agency LLC lifted its position 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 valued at $251,000 after buying an additional 1,467 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Trading Down 1.2 %

Shares of HERD traded down $0.47 during mid-day trading on Tuesday, reaching $39.71. The company’s stock had a trading volume of 15,302 shares, compared to its average volume of 14,241. The business has a 50-day simple moving average of $39.25 and a two-hundred day simple moving average of $38.57. The stock has a market cap of $91.33 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 $33.55 and a 1-year high of $40.42.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 27th were issued a dividend of $0.1581 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.63 annualized dividend and a dividend yield of 1.59%.

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.