Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Rises By 522.5%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 24,900 shares, a growth of 522.5% from the March 31st total of 4,000 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at about $38,000. EverSource Wealth Advisors LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at approximately $55,000. Advisory Services Network LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at approximately $235,000. Belpointe Asset Management LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at approximately $238,000. Finally, Sepio Capital LP bought a new position in Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth approximately $264,000.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.7 %

NASDAQ HERD traded up $0.28 on Friday, hitting $38.17. The company’s stock had a trading volume of 16,544 shares, compared to its average volume of 12,131. The company’s 50-day moving average is $38.15 and its 200 day moving average is $36.47. The firm has a market cap of $95.43 million, a PE ratio of 6.98 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $31.57 and a 1-year high of $39.56.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 25th were issued a $0.1384 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.55 dividend on an annualized basis and a yield of 1.45%.

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.