Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Large Decline in Short Interest

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 52.6% from the January 31st total of 3,800 shares. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Several institutional investors and hedge funds have recently bought and sold shares of HERD. World Equity Group Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 51.9% during the 3rd 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. Oppenheimer Asset Management Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 15.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,423 shares of the company’s stock worth $1,018,000 after acquiring an additional 3,490 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new position in Pacer Cash Cows Fund of Funds ETF during the 3rd quarter worth approximately $1,459,000. D.A. Davidson & CO. grew its position 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 worth $857,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Centric Wealth Management grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 22.1% in the 3rd quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock worth $2,308,000 after buying an additional 10,464 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD traded up $0.04 on Friday, hitting $38.22. 9,713 shares of the company were exchanged, compared to its average volume of 12,098. The firm has a fifty day simple moving average of $38.70 and a two-hundred day simple moving average of $39.10. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $36.29 and a 12 month high of $40.74. The stock has a market capitalization of $91.73 million, a PE ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently declared 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 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.