Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 157.9% in March

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,900 shares, a growth of 157.9% from the February 29th total of 1,900 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Several hedge funds have recently added to or reduced their stakes in HERD. Envestnet Asset Management Inc. grew its holdings in Pacer Cash Cows Fund of Funds ETF by 1.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 154,636 shares of the company’s stock valued at $5,836,000 after purchasing an additional 2,297 shares during the period. Osaic Holdings Inc. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 3.4% in the 2nd quarter. Osaic Holdings Inc. now owns 140,281 shares of the company’s stock worth $4,770,000 after purchasing an additional 4,647 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 1st quarter worth $2,325,000. Cambridge Investment Research Advisors Inc. raised its stake in Pacer Cash Cows Fund of Funds ETF by 30.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 41,792 shares of the company’s stock worth $1,577,000 after acquiring an additional 9,638 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter worth $1,253,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

Pacer Cash Cows Fund of Funds ETF stock traded up $0.17 during trading hours on Thursday, reaching $39.30. The company had a trading volume of 9,038 shares, compared to its average volume of 11,456. The company has a 50-day moving average price of $37.41 and a 200 day moving average price of $35.93. The firm has a market cap of $92.36 million, a price-to-earnings ratio of 6.68 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $31.57 and a 12-month high of $39.35.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Monday, March 25th will be given a dividend of $0.1384 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.55 annualized dividend and a dividend yield of 1.41%.

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.