Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 157.9% in March

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,900 shares, an increase of 157.9% from the February 29th total of 1,900 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 0.4 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD stock traded up $0.17 during trading on Thursday, reaching $39.30. 9,038 shares of the company traded hands, compared to its average volume of 11,456. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $31.57 and a 12 month high of $39.35. The business has a 50 day simple moving average of $37.41 and a 200 day simple moving average of $35.93. The company has a market capitalization of $92.36 million, a price-to-earnings ratio of 6.68 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Monday, March 25th will be paid a $0.1384 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, March 22nd.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HERD. Principal Securities Inc. purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth about $55,000. Rockefeller Capital Management L.P. acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth about $59,000. Retirement Group LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at approximately $193,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Pacer Cash Cows Fund of Funds ETF by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,094 shares of the company’s stock valued at $215,000 after purchasing an additional 347 shares during the period.

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.