Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Increases By 522.5%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 24,900 shares, an increase of 522.5% from the March 31st total of 4,000 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HERD. Envestnet Asset Management Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 74.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 152,339 shares of the company’s stock worth $5,268,000 after purchasing an additional 65,053 shares during the last quarter. Centric Wealth Management lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 209.0% in the 4th quarter. Centric Wealth Management now owns 33,189 shares of the company’s stock worth $1,214,000 after acquiring an additional 22,448 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 1st quarter worth approximately $653,000. Kestra Private Wealth Services LLC acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth approximately $525,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of 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 period.

Pacer Cash Cows Fund of Funds ETF Stock Down 0.5 %

NASDAQ HERD traded down $0.19 on Thursday, hitting $37.89. The stock had a trading volume of 8,724 shares, compared to its average volume of 12,077. Pacer Cash Cows Fund of Funds ETF has a one year low of $31.57 and a one year high of $39.56. The stock has a market cap of $94.73 million, a price-to-earnings ratio of 6.98 and a beta of 1.00. The company’s 50-day moving average is $38.15 and its two-hundred day moving average is $36.47.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 25th were given a $0.1384 dividend. This represents a $0.55 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, March 22nd.

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.