Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 217.0% in October

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 55,800 shares, a growth of 217.0% from the October 15th total of 17,600 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is presently 4.9 days.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.3 %

HERD traded up $0.11 during trading on Thursday, hitting $39.63. 499 shares of the company traded hands, compared to its average volume of 14,412. Pacer Cash Cows Fund of Funds ETF has a one year low of $34.02 and a one year high of $40.42. The stock’s fifty day moving average is $39.29 and its 200 day moving average is $38.59. The firm has a market cap of $91.15 million, a P/E ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 27th were given a dividend of $0.1581 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, September 27th.

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

A number of hedge funds have recently modified their holdings of HERD. International Assets Investment Management LLC increased its position in Pacer Cash Cows Fund of Funds ETF by 552,783.7% in the third quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock worth $154,962,000 after buying an additional 3,869,486 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Pacer Cash Cows Fund of Funds ETF in the 1st quarter worth about $5,656,000. Mirae Asset Securities USA Inc. bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at about $1,459,000. Envestnet Asset Management Inc. lifted its holdings in Pacer Cash Cows Fund of Funds ETF by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock valued at $6,986,000 after purchasing an additional 28,120 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Pacer Cash Cows Fund of Funds ETF during the second quarter worth about $815,000.

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.