Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Rises By 174.4%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 21,400 shares, an increase of 174.4% from the May 31st total of 7,800 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 1.6 days.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ HERD traded down $0.27 on Friday, reaching $37.17. The company had a trading volume of 12,090 shares, compared to its average volume of 16,802. The firm has a market cap of $92.92 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $32.94 and a fifty-two week high of $39.56. The business has a 50 day moving average of $38.21 and a two-hundred day moving average of $37.70.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be paid a $0.4625 dividend. The ex-dividend date is Friday, June 28th.

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

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at approximately $38,000. EverSource Wealth Advisors LLC bought a new position in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth $55,000. Cozad Asset Management Inc. acquired a new position in Pacer Cash Cows Fund of Funds ETF in the first quarter valued at $205,000. Advisory Services Network LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at $235,000. Finally, Belpointe Asset Management LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth about $238,000.

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.