Short Interest in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Expands By 118.0%

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 32,700 shares, an increase of 118.0% from the September 15th total of 15,000 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pacer US Large Cap Cash Cows Growth Leaders ETF stock. Team Financial Group LLC grew its stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,738 shares of the company’s stock after purchasing an additional 4,934 shares during the period. Pacer US Large Cap Cash Cows Growth Leaders ETF makes up 2.4% of Team Financial Group LLC’s investment portfolio, making the stock its 11th largest holding. Team Financial Group LLC owned approximately 1.92% of Pacer US Large Cap Cash Cows Growth Leaders ETF worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission.

Pacer US Large Cap Cash Cows Growth Leaders ETF Price Performance

COWG traded up $0.29 during midday trading on Friday, reaching $29.73. 44,811 shares of the company’s stock traded hands, compared to its average volume of 52,862. The stock has a market capitalization of $237.84 million, a price-to-earnings ratio of 25.31 and a beta of 1.07. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 52 week low of $20.37 and a 52 week high of $29.76. The firm has a fifty day moving average of $27.70 and a two-hundred day moving average of $26.76.

Pacer US Large Cap Cash Cows Growth Leaders ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, September 26th were paid a $0.0322 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, September 26th.

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.