Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Short Interest Up 2,855.8% in May

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 12,917 shares, a growth of 2,855.8% from the April 30th total of 437 shares. Based on an average daily volume of 232,187 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Performance

Shares of COWG traded down $0.47 during midday trading on Wednesday, hitting $38.23. 363,195 shares of the company traded hands, compared to its average volume of 496,081. The firm has a 50 day moving average of $35.73 and a 200-day moving average of $35.41. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 52 week low of $32.64 and a 52 week high of $38.82. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 30.38 and a beta of 1.03.

Pacer US Large Cap Cash Cows Growth Leaders ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.0103 per share. The ex-dividend date of this dividend was Thursday, March 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Provenance Wealth Advisors LLC bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 3rd quarter valued at about $51,000. Colonial Trust Co SC bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 3rd quarter valued at about $77,000. Sound Income Strategies LLC bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF during the 4th quarter valued at about $86,000. First Horizon Corp bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF in the 4th quarter valued at about $109,000. Finally, Triumph Capital Management bought a new position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF in the 3rd quarter valued at about $131,000.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.