Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Stock Short Interest Jumps 459.8%

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 143,786 shares, an increase of 459.8% from the October 15th total of 25,687 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 314,261 shares, the short-interest ratio is presently 0.5 days.

Pacer Global Cash Cows Dividend ETF Trading Down 0.1%

Shares of BATS GCOW opened at $47.43 on Thursday. The stock has a market cap of $3.68 billion, a P/E ratio of 14.43 and a beta of 0.53. Pacer Global Cash Cows Dividend ETF has a 12-month low of $40.21 and a 12-month high of $48.75. The business’s fifty day simple moving average is $46.33 and its 200-day simple moving average is $45.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Pacer Global Cash Cows Dividend ETF by 2.4% in the 1st quarter. Bank of America Corp DE now owns 8,118,813 shares of the company’s stock valued at $375,414,000 after purchasing an additional 191,858 shares in the last quarter. Royal Bank of Canada grew its position in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the first quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock worth $78,966,000 after buying an additional 546,241 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Pacer Global Cash Cows Dividend ETF by 15.2% during the first quarter. Cetera Investment Advisers now owns 1,482,311 shares of the company’s stock worth $68,542,000 after buying an additional 195,348 shares in the last quarter. Hamilton Wealth LLC increased its stake in shares of Pacer Global Cash Cows Dividend ETF by 231.8% during the first quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock worth $58,776,000 after buying an additional 888,023 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Pacer Global Cash Cows Dividend ETF by 22.6% during the second quarter. Envestnet Asset Management Inc. now owns 450,868 shares of the company’s stock worth $19,302,000 after buying an additional 83,248 shares during the period.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.