Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 366.7% in March

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,400 shares, an increase of 366.7% from the February 28th total of 300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.8 %

Shares of Pacer Cash Cows Fund of Funds ETF stock opened at $38.16 on Thursday. The firm’s 50 day moving average is $38.62 and its 200 day moving average is $39.01. The firm has a market capitalization of $91.58 million, a PE ratio of 13.43 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $36.29 and a 1 year high of $40.74.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, March 7th were paid a dividend of $0.108 per share. The ex-dividend date was Friday, March 7th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its position in Pacer Cash Cows Fund of Funds ETF by 169.4% during the 4th quarter. Cetera Investment Advisers now owns 435,767 shares of the company’s stock worth $16,519,000 after acquiring an additional 274,017 shares during the last quarter. World Equity Group Inc. grew its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 167.9% during the fourth quarter. World Equity Group Inc. now owns 26,304 shares of the company’s stock worth $997,000 after purchasing an additional 16,485 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Pacer Cash Cows Fund of Funds ETF by 20.9% in the third quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after buying an additional 12,589 shares during the period. Centric Wealth Management raised its holdings in 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 valued at $2,308,000 after buying an additional 10,464 shares during the last quarter. Finally, Obermeyer Wealth Partners acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $299,000.

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.