Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) 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

A number of hedge funds have recently modified their holdings of the business. Principal Securities Inc. purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth approximately $38,000. World Equity Group Inc. grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 18.8% during the second quarter. World Equity Group Inc. now owns 6,462 shares of the company’s stock worth $240,000 after acquiring an additional 1,023 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth approximately $55,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 27.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,741 shares of the company’s stock worth $251,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Pacer Cash Cows Fund of Funds ETF by 14.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 19,749 shares of the company’s stock worth $745,000 after acquiring an additional 2,566 shares during the last quarter.

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.