Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) Short Interest Up 1,370.3% in June

Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,411 shares, an increase of 1,370.3% from the May 31st total of 232 shares. Based on an average daily volume of 3,724 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Pacer US Small Cap Cash Cows Growth Leaders ETF stock. Sankala Group LLC purchased a new position in Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,350 shares of the company’s stock, valued at approximately $206,000. Sankala Group LLC owned approximately 1.05% of Pacer US Small Cap Cash Cows Growth Leaders ETF as of its most recent filing with the Securities & Exchange Commission.

Pacer US Small Cap Cash Cows Growth Leaders ETF Stock Performance

Shares of NASDAQ:CAFG traded up $0.30 during mid-day trading on Thursday, hitting $33.04. 1,485 shares of the company traded hands, compared to its average volume of 3,814. The firm’s 50 day simple moving average is $31.27 and its 200 day simple moving average is $28.56. The firm has a market cap of $24.78 million, a P/E ratio of 19.44 and a beta of 1.02. Pacer US Small Cap Cash Cows Growth Leaders ETF has a 52-week low of $23.67 and a 52-week high of $33.23.

Pacer US Small Cap Cash Cows Growth Leaders ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were given a $0.0235 dividend. The ex-dividend date was Thursday, June 4th.

About Pacer US Small Cap Cash Cows Growth Leaders ETF

The Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a price momentum-weighted index of 100 small-cap US companies that exhibit the highest growth characteristics. CAFG was launched on May 1, 2023 and is managed by Pacer.