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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a significant growth in short interest during 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 presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at $815,000. Envestnet Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 17.6% in the second 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 during the period. Cetera Investment Advisers boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 9.8% during the second 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. International Assets Investment Management LLC grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 552,783.7% during the 3rd quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock worth $154,962,000 after buying an additional 3,869,486 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 35.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,157 shares of the company’s stock valued at $367,000 after acquiring an additional 2,416 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD traded up $0.22 during mid-day trading on Friday, reaching $38.93. The stock had a trading volume of 8,573 shares, compared to its average volume of 12,834. The stock has a market capitalization of $93.43 million, a P/E ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $35.45 and a 52 week high of $40.74. The firm’s fifty day simple moving average is $39.11 and its two-hundred day simple moving average is $38.88.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

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