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

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 17,500 shares, an increase of 169.2% from the October 15th total of 6,500 shares. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is currently 1.1 days.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its stake in shares of 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 acquiring an additional 962 shares during the period. Prosperity Wealth Management Inc. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 9.2% in the third quarter. Prosperity Wealth Management Inc. now owns 31,430 shares of the company’s stock valued at $1,087,000 after acquiring an additional 2,645 shares during the period. Centric Wealth Management purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the third quarter valued at $371,000. Stratos Wealth Partners LTD. raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 53.3% in the third quarter. Stratos Wealth Partners LTD. now owns 17,183 shares of the company’s stock valued at $594,000 after acquiring an additional 5,974 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter valued at $1,243,000.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.6 %

Pacer Cash Cows Fund of Funds ETF stock opened at $33.61 on Monday. The company has a market cap of $70.58 million, a price-to-earnings ratio of 6.68 and a beta of 1.00. The firm’s fifty day moving average is $34.39 and its 200 day moving average is $34.19. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $31.34 and a 52-week high of $37.15.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Monday, September 25th were paid a $0.3683 dividend. This represents a $1.47 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, September 22nd.

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.