Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Rises By 366.7%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,400 shares, a growth of 366.7% from the February 28th total of 300 shares. Based on an average daily volume of 11,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several hedge funds and other institutional investors have recently modified their holdings of HERD. Kestra Private Wealth Services LLC grew its stake in Pacer Cash Cows Fund of Funds ETF by 2.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 13,700 shares of the company’s stock valued at $519,000 after buying an additional 318 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 21.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock worth $69,000 after acquiring an additional 325 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% in the fourth 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 in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 8.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,843 shares of the company’s stock valued at $828,000 after purchasing an additional 1,710 shares during the period. Finally, LPL Financial LLC lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 1.0% during the 4th quarter. LPL Financial LLC now owns 202,712 shares of the company’s stock worth $7,685,000 after purchasing an additional 1,939 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Down 1.4 %

HERD traded down $0.52 during trading on Friday, hitting $37.62. 7,178 shares of the company traded hands, compared to its average volume of 14,609. The stock’s fifty day moving average is $38.61 and its 200 day moving average is $39.00. Pacer Cash Cows Fund of Funds ETF has a one year low of $36.29 and a one year high of $40.74. The firm has a market cap of $90.29 million, a P/E ratio of 13.43 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 13th. Shareholders of record on Friday, March 7th were given a dividend of $0.108 per share. The ex-dividend date of this dividend was Friday, March 7th.

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.