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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large 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 trading volume, of 16,500 shares, the short-interest ratio is presently 1.5 days.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.6 %

NASDAQ:HERD traded up $0.22 during trading hours on Friday, reaching $38.93. 8,573 shares of the company traded hands, compared to its average volume of 12,834. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $35.45 and a 1 year high of $40.74. The business’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $38.88. 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 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 dividend of $0.1612 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MML Investors Services LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the 3rd quarter valued at $217,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 35.8% during the third 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 last quarter. World Equity Group Inc. boosted 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 valued at $393,000 after buying an additional 3,357 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter worth about $815,000. Finally, D.A. Davidson & CO. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 21,405 shares of the company’s stock valued at $857,000 after acquiring an additional 2,315 shares during the period.

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.