Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Large Decline in Short Interest

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, a decrease of 52.6% from the January 31st total of 3,800 shares. Based on an average trading volume of 12,100 shares, the short-interest ratio is currently 0.1 days.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.1 %

HERD stock traded up $0.04 during trading on Friday, hitting $38.22. The company had a trading volume of 9,713 shares, compared to its average volume of 12,098. The business has a 50-day moving average of $38.70 and a 200-day moving average of $39.10. Pacer Cash Cows Fund of Funds ETF has a one year low of $36.29 and a one year high of $40.74. The stock has a market cap of $91.73 million, a PE ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 30th were issued a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock worth $69,000 after purchasing an additional 325 shares during the period. Geneos Wealth Management Inc. grew its stake in Pacer Cash Cows Fund of Funds ETF by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after purchasing an additional 730 shares during the period. MML Investors Services LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at $217,000. Jane Street Group LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $242,000. Finally, Obermeyer Wealth Partners bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth $299,000.

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.