Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Down 58.4% in November

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 23,200 shares, a decrease of 58.4% from the October 31st total of 55,800 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of hedge funds have recently modified their holdings of HERD. International Assets Investment Management LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the 2nd quarter valued at approximately $26,000. MML Investors Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the third quarter valued at $217,000. World Equity Group Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 18.8% in the second quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock valued at $240,000 after buying an additional 1,023 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 27.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock valued at $251,000 after buying an additional 1,467 shares during the period. Finally, Cozad Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 54.4% during the 2nd quarter. Cozad Asset Management Inc. now owns 8,057 shares of the company’s stock worth $299,000 after acquiring an additional 2,838 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of NASDAQ HERD traded up $0.29 during midday trading on Friday, reaching $40.42. 1,881 shares of the stock were exchanged, compared to its average volume of 15,132. Pacer Cash Cows Fund of Funds ETF has a twelve month low of $34.81 and a twelve month high of $40.74. The stock has a market capitalization of $92.97 million, a P/E ratio of 7.15 and a beta of 1.00. The company has a 50 day simple moving average of $39.57 and a 200 day simple moving average of $38.72.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 27th were given a $0.1581 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.