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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 24,900 shares, an increase of 522.5% from the March 31st total of 4,000 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 2.1 days.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.7 %

NASDAQ:HERD traded up $0.27 during trading hours on Friday, hitting $38.16. 18,157 shares of the company traded hands, compared to its average volume of 12,151. The company has a market cap of $95.40 million, a PE ratio of 6.98 and a beta of 1.00. The firm’s 50-day simple moving average is $38.17 and its 200-day simple moving average is $36.50. Pacer Cash Cows Fund of Funds ETF has a one year low of $31.57 and a one year high of $39.56.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 25th were given a dividend of $0.1384 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, March 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at $55,000. Advisory Services Network LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth $235,000. Belpointe Asset Management LLC bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at $238,000. Finally, Sepio Capital LP purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at $264,000.

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.