Pacer US Cash Cows 100 ETF (BATS:COWZ) Stock Short Interest Climbs 61.8%

Pacer US Cash Cows 100 ETF (BATS:COWZ) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 324,087 shares, a growth of 61.8% from the September 30th total of 200,348 shares. Based on an average daily volume of 988,130 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Pacer US Cash Cows 100 ETF Price Performance

Shares of BATS:COWZ opened at $71.37 on Monday. Pacer US Cash Cows 100 ETF has a 12-month low of $56.84 and a 12-month high of $72.52. The business has a 50 day moving average of $69.90 and a 200-day moving average of $65.43. The stock has a market cap of $26.94 billion, a PE ratio of 14.17 and a beta of 0.95.

Institutional Investors Weigh In On Pacer US Cash Cows 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Client Services LLC purchased a new position in shares of Pacer US Cash Cows 100 ETF in the third quarter worth $1,472,000. Roman Butler Fullerton & Co. bought a new position in Pacer US Cash Cows 100 ETF in the third quarter valued at about $1,810,000. Tactive Advisors LLC boosted its position in Pacer US Cash Cows 100 ETF by 135.1% in the third quarter. Tactive Advisors LLC now owns 48,253 shares of the company’s stock worth $3,221,000 after purchasing an additional 27,729 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Pacer US Cash Cows 100 ETF by 1.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,824,648 shares of the company’s stock valued at $114,150,000 after purchasing an additional 23,487 shares during the last quarter. Finally, RFG Advisory LLC lifted its stake in shares of Pacer US Cash Cows 100 ETF by 129.7% in the 2nd quarter. RFG Advisory LLC now owns 17,830 shares of the company’s stock worth $1,109,000 after purchasing an additional 10,067 shares during the period.

About Pacer US Cash Cows 100 ETF

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.