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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 14,240 shares, a drop of 65.8% from the April 30th total of 41,693 shares. Based on an average daily volume of 3,048 shares, the short-interest ratio is currently 4.7 days. Currently, 0.7% of the shares of the stock are sold short.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of NASDAQ:HERD traded up $0.67 during trading hours on Monday, hitting $49.16. 4,669 shares of the company’s stock traded hands, compared to its average volume of 8,476. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $38.57 and a 52 week high of $49.16. The company’s fifty day simple moving average is $46.84 and its two-hundred day simple moving average is $45.66. The company has a market cap of $98.32 million, a price-to-earnings ratio of 13.06 and a beta of 0.78.

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

Several large investors have recently made changes to their positions in HERD. Rockefeller Capital Management L.P. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after purchasing an additional 208,937 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 195.3% during the 4th quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock valued at $1,739,000 after purchasing an additional 26,469 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 30.8% during the 4th quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock valued at $3,065,000 after purchasing an additional 16,595 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 38.9% during the 4th quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock valued at $2,398,000 after purchasing an additional 15,446 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 4.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock valued at $9,660,000 after purchasing an additional 9,936 shares in the last quarter.

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.