Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) Sees Significant Growth in Short Interest

Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 12,397 shares, a growth of 36.5% from the November 30th total of 9,080 shares. Based on an average trading volume of 22,330 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 22,330 shares, the short-interest ratio is presently 0.6 days.

Pacer Emerging Markets Cash Cows 100 ETF Price Performance

Shares of ECOW stock traded down $0.10 during trading hours on Wednesday, reaching $24.40. The company had a trading volume of 51,098 shares, compared to its average volume of 25,600. Pacer Emerging Markets Cash Cows 100 ETF has a 1-year low of $17.80 and a 1-year high of $25.70. The firm has a market cap of $119.56 million, a price-to-earnings ratio of 10.14 and a beta of 0.73. The company has a 50 day moving average of $25.11 and a 200 day moving average of $23.87.

Hedge Funds Weigh In On Pacer Emerging Markets Cash Cows 100 ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new stake in shares of Pacer Emerging Markets Cash Cows 100 ETF in the 2nd quarter valued at about $84,000. Baird Financial Group Inc. boosted its stake in Pacer Emerging Markets Cash Cows 100 ETF by 19.0% during the 1st quarter. Baird Financial Group Inc. now owns 20,967 shares of the company’s stock worth $428,000 after acquiring an additional 3,354 shares during the last quarter. OLD Mission Capital LLC boosted its stake in Pacer Emerging Markets Cash Cows 100 ETF by 56.5% during the 1st quarter. OLD Mission Capital LLC now owns 30,252 shares of the company’s stock worth $618,000 after acquiring an additional 10,923 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Pacer Emerging Markets Cash Cows 100 ETF by 8.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 34,004 shares of the company’s stock valued at $831,000 after purchasing an additional 2,766 shares during the period.

About Pacer Emerging Markets Cash Cows 100 ETF

The Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a fundamentally-weighted index of large- and mid-cap emerging market companies. ECOW was launched on May 2, 2019 and is managed by Pacer.