Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Decreases By 33.2%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 15,500 shares, a drop of 33.2% from the November 15th total of 23,200 shares. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter valued at approximately $26,000. MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at approximately $217,000. World Equity Group Inc. grew its holdings 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 valued at $240,000 after buying an additional 1,023 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Pacer Cash Cows Fund of Funds ETF by 27.8% during 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 in the last quarter. Finally, Cozad Asset Management Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 54.4% in the second quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock worth $299,000 after acquiring an additional 2,838 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD traded down $0.22 on Friday, hitting $39.62. 7,742 shares of the company were exchanged, compared to its average volume of 14,894. The business’s fifty day moving average is $39.67 and its 200 day moving average is $38.82. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $35.45 and a fifty-two week high of $40.74. The firm has a market capitalization of $91.13 million, a P/E ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 27th were issued a dividend of $0.1581 per share. The ex-dividend date was Friday, September 27th. This represents a $0.63 annualized dividend and a yield of 1.60%.

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.