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 recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 156,247 shares, a growth of 106.2% from the September 30th total of 75,759 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 226,868 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNB Wealth Management LLC increased its stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 0.8% in the 3rd quarter. BNB Wealth Management LLC now owns 138,357 shares of the company’s stock valued at $5,518,000 after purchasing an additional 1,094 shares during the last quarter. Noble Wealth Management PBC raised its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 2.8% during the 3rd quarter. Noble Wealth Management PBC now owns 53,312 shares of the company’s stock worth $2,126,000 after buying an additional 1,456 shares during the period. Nilsine Partners LLC boosted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 18.2% during the 2nd quarter. Nilsine Partners LLC now owns 11,810 shares of the company’s stock valued at $474,000 after purchasing an additional 1,819 shares during the last quarter. RVW Wealth LLC lifted its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 12.8% during the second quarter. RVW Wealth LLC now owns 385,836 shares of the company’s stock valued at $15,490,000 after purchasing an additional 43,848 shares in the last quarter. Finally, CoreCap Advisors LLC increased its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% during the 2nd quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock valued at $123,000 after purchasing an additional 396 shares during the last quarter.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Down 2.6%

COWG traded down $1.05 during trading on Friday, reaching $39.38. 342,557 shares of the company’s stock were exchanged, compared to its average volume of 375,116. The company has a market capitalization of $2.29 billion, a P/E ratio of 30.38 and a beta of 1.04. Pacer US Large Cap Cash Cows Growth Leaders ETF has a fifty-two week low of $32.64 and a fifty-two week high of $41.73. The business has a 50 day moving average price of $40.03 and a 200 day moving average price of $37.57.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were paid a $0.1916 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, September 3rd.

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.