Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Large Increase in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 231,893 shares, a growth of 97.2% from the July 15th total of 117,570 shares. Based on an average trading volume of 268,097 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new position in Pacer Global Cash Cows Dividend ETF during the second quarter valued at approximately $30,000. Abound Wealth Management purchased a new stake in Pacer Global Cash Cows Dividend ETF in the 2nd quarter worth approximately $27,000. KMG Fiduciary Partners LLC lifted its stake in Pacer Global Cash Cows Dividend ETF by 1.2% in the 2nd quarter. KMG Fiduciary Partners LLC now owns 26,793 shares of the company’s stock worth $1,160,000 after purchasing an additional 319 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Pacer Global Cash Cows Dividend ETF by 26.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 30,441 shares of the company’s stock valued at $1,318,000 after purchasing an additional 6,403 shares during the period. Finally, HF Advisory Group LLC boosted its holdings in Pacer Global Cash Cows Dividend ETF by 7.2% in the 2nd quarter. HF Advisory Group LLC now owns 9,134 shares of the company’s stock valued at $396,000 after purchasing an additional 612 shares during the period.

Pacer Global Cash Cows Dividend ETF Stock Performance

BATS:GCOW opened at $46.88 on Friday. Pacer Global Cash Cows Dividend ETF has a 52-week low of $39.02 and a 52-week high of $47.57. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69. The business’s fifty day moving average is $45.00 and its 200 day moving average is $45.58.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.