Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 7,400 shares, a drop of 83.8% from the June 30th total of 45,800 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is currently 0.4 days.
Pacer Cash Cows Fund of Funds ETF Stock Performance
HERD stock traded up $0.77 during midday trading on Friday, reaching $39.07. 5,310 shares of the company were exchanged, compared to its average volume of 15,917. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $32.94 and a 1-year high of $39.56. The stock’s 50-day simple moving average is $38.07 and its 200 day simple moving average is $37.84. The company has a market cap of $93.77 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.
Pacer Cash Cows Fund of Funds ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.73%.
Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF
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.
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