Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Sees Large Increase in Short Interest

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 178,900 shares, a growth of 239.5% from the January 15th total of 52,700 shares. Based on an average daily trading volume, of 427,700 shares, the days-to-cover ratio is presently 0.4 days.

Pacer US Large Cap Cash Cows Growth Leaders ETF Trading Up 1.8 %

COWG traded up $0.61 during trading hours on Thursday, hitting $35.50. The company’s stock had a trading volume of 173,351 shares, compared to its average volume of 565,172. The company has a 50-day simple moving average of $33.33 and a 200 day simple moving average of $30.64. The firm has a market capitalization of $772.15 million, a PE ratio of 25.31 and a beta of 1.07. Pacer US Large Cap Cash Cows Growth Leaders ETF has a fifty-two week low of $24.12 and a fifty-two week high of $35.65.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 27th were paid a dividend of $0.0502 per share. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 4th quarter valued at $2,289,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF in the fourth quarter valued at $619,000. Cozad Asset Management Inc. bought a new position in Pacer US Large Cap Cash Cows Growth Leaders ETF during the fourth quarter valued at about $255,000. Private Trust Co. NA grew its holdings in Pacer US Large Cap Cash Cows Growth Leaders ETF by 1,545.0% during the fourth quarter. Private Trust Co. NA now owns 7,419 shares of the company’s stock worth $238,000 after acquiring an additional 6,968 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 61.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,247 shares of the company’s stock worth $328,000 after acquiring an additional 3,914 shares in the last quarter.

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.