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

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 169.4% in the fourth quarter. Cetera Investment Advisers now owns 435,767 shares of the company’s stock valued at $16,519,000 after purchasing an additional 274,017 shares during the period. World Equity Group Inc. increased its holdings in Pacer Cash Cows Fund of Funds ETF by 167.9% in the fourth quarter. World Equity Group Inc. now owns 26,304 shares of the company’s stock valued at $997,000 after buying an additional 16,485 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 20.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after acquiring an additional 12,589 shares during the period. Centric Wealth Management boosted its stake in shares of Pacer Cash Cows Fund of Funds ETF by 22.1% during the 3rd quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock worth $2,308,000 after acquiring an additional 10,464 shares in the last quarter. Finally, Obermeyer Wealth Partners acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth approximately $299,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

HERD opened at $37.62 on Friday. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $36.29 and a 12 month high of $40.74. The stock has a market capitalization of $90.29 million, a P/E ratio of 13.43 and a beta of 1.00. The business has a 50 day simple moving average of $38.58 and a 200-day simple moving average of $38.99.

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 issued a $0.108 dividend. 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.