Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 217.0% in October

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HERD. International Assets Investment Management LLC acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 2nd quarter valued at $26,000. Cozad Asset Management Inc. bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 1st quarter valued at about $205,000. World Equity Group Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 18.8% during the 2nd quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock worth $240,000 after buying an additional 1,023 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in 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 acquiring an additional 1,467 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the second quarter valued at approximately $310,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

Shares of HERD traded up $0.11 during trading hours on Thursday, hitting $39.63. 499 shares of the stock were exchanged, compared to its average volume of 14,412. The firm has a market capitalization of $91.15 million, a P/E ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $34.02 and a fifty-two week high of $40.42. The business has a 50-day moving average of $39.29 and a 200-day moving average of $38.59.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 dividend on an annualized basis and a yield of 1.60%.

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.