Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 7,400 shares, a decrease of 83.8% from the June 30th total of 45,800 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is currently 0.4 days.

Pacer Cash Cows Fund of Funds ETF Trading Up 2.0 %

Shares of NASDAQ HERD traded up $0.77 during trading hours on Friday, reaching $39.07. The stock had a trading volume of 5,310 shares, compared to its average volume of 15,917. The firm has a market cap of $93.77 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $32.94 and a fifty-two week high of $39.56. The firm has a 50-day moving average of $38.07 and a 200-day moving average of $37.85.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 28th were given a $0.4625 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.73%.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 1st quarter worth approximately $5,656,000. Commonwealth Equity Services LLC lifted its position in Pacer Cash Cows Fund of Funds ETF by 42.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 93,393 shares of the company’s stock worth $3,669,000 after acquiring an additional 27,910 shares during the period. Centric Wealth Management lifted its position in Pacer Cash Cows Fund of Funds ETF by 209.0% during 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 Pacer Cash Cows Fund of Funds ETF during the 1st quarter worth approximately $653,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $525,000.

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.