Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Down 47.6% in January

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 13,100 shares, a decline of 47.6% from the December 31st total of 25,000 shares. Based on an average daily volume of 16,300 shares, the days-to-cover ratio is presently 0.8 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Pacer Cash Cows Fund of Funds ETF stock opened at $39.42 on Friday. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $35.94 and a 52 week high of $40.74. The firm has a market cap of $94.60 million, a P/E ratio of 7.15 and a beta of 1.00. The business’s fifty day moving average is $39.06 and its two-hundred day moving average is $38.98.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were issued a dividend of $0.1612 per share. The ex-dividend date was Monday, December 30th.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after purchasing an additional 730 shares during the last quarter. MML Investors Services LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at $217,000. 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 buying an additional 2,416 shares during the period. World Equity Group Inc. raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 51.9% during the third quarter. World Equity Group Inc. now owns 9,819 shares of the company’s stock worth $393,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 2.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,700 shares of the company’s stock valued at $519,000 after acquiring an additional 318 shares during the last quarter.

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.