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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target 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.

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

Several institutional investors have recently added to or reduced their stakes in HERD. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 325 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Pacer Cash Cows Fund of Funds ETF by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock valued at $152,000 after buying an additional 730 shares in the last quarter. MML Investors Services LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the 3rd quarter valued at $217,000. Jane Street Group LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth $242,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth $297,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ:HERD opened at $38.16 on Thursday. The company has a market capitalization of $91.58 million, a P/E ratio of 13.43 and a beta of 1.00. The business has a fifty day simple moving average of $38.62 and a two-hundred day simple moving average of $39.01. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $36.29 and a 1 year high of $40.74.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 13th. Investors of record on Friday, March 7th were issued a $0.108 dividend. The ex-dividend date of this dividend was Friday, March 7th.

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.