Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Shares Shorted: Short Interest Down 60.8% in October

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 25,687 shares, a decline of 60.8% from the September 30th total of 65,594 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 264,827 shares, the days-to-cover ratio is currently 0.1 days.

Pacer Global Cash Cows Dividend ETF Price Performance

Shares of GCOW stock opened at $46.59 on Thursday. The firm has a fifty day moving average of $46.35 and a two-hundred day moving average of $45.63. The firm has a market cap of $2.84 billion, a P/E ratio of 12.82 and a beta of 0.69. Pacer Global Cash Cows Dividend ETF has a 1-year low of $39.39 and a 1-year high of $48.06.

Institutional Trading of Pacer Global Cash Cows Dividend ETF

A number of hedge funds have recently modified their holdings of GCOW. Hamilton Wealth LLC raised its stake in Pacer Global Cash Cows Dividend ETF by 231.8% in the first quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock valued at $58,776,000 after buying an additional 888,023 shares in the last quarter. Royal Bank of Canada grew its position in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the 1st quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after buying an additional 546,241 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new stake in Pacer Global Cash Cows Dividend ETF in the third quarter worth about $16,327,000. Cetera Investment Advisers raised its holdings in shares of Pacer Global Cash Cows Dividend ETF by 15.2% in the 1st quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock worth $68,542,000 after purchasing an additional 195,348 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Pacer Global Cash Cows Dividend ETF by 2.4% in the 1st quarter. Bank of America Corp DE now owns 8,118,813 shares of the company’s stock worth $375,414,000 after acquiring an additional 191,858 shares in the last quarter.

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.