Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Increases By 522.5%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 24,900 shares, a growth of 522.5% from the March 31st total of 4,000 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is presently 2.1 days.

Pacer Cash Cows Fund of Funds ETF Trading Down 0.5 %

Shares of HERD traded down $0.19 during mid-day trading on Thursday, hitting $37.89. 8,724 shares of the company’s stock were exchanged, compared to its average volume of 12,077. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $31.57 and a fifty-two week high of $39.56. The firm has a market capitalization of $94.73 million, a P/E ratio of 6.98 and a beta of 1.00. The business’s 50 day moving average is $38.15 and its two-hundred day moving average is $36.47.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 25th were paid a dividend of $0.1384 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.55 annualized dividend and a dividend yield of 1.46%.

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

Several hedge funds have recently made changes to their positions in HERD. Avantax Advisory Services Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF by 13.5% in the third quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock valued at $279,000 after purchasing an additional 962 shares during the period. Stratos Wealth Partners LTD. lifted its position in Pacer Cash Cows Fund of Funds ETF by 14.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 19,749 shares of the company’s stock valued at $745,000 after purchasing an additional 2,566 shares during the period. Envestnet Asset Management Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF by 74.5% in the third quarter. Envestnet Asset Management Inc. now owns 152,339 shares of the company’s stock valued at $5,268,000 after purchasing an additional 65,053 shares during the period. Prosperity Wealth Management Inc. lifted its position in Pacer Cash Cows Fund of Funds ETF by 15.4% in the fourth quarter. Prosperity Wealth Management Inc. now owns 36,255 shares of the company’s stock valued at $1,368,000 after purchasing an additional 4,825 shares during the period. Finally, Centric Wealth Management acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the third quarter valued at about $371,000.

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.