Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 366.7% in March

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a growth of 366.7% from the February 28th total of 300 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Pacer Cash Cows Fund of Funds ETF Trading Down 1.4 %

Shares of NASDAQ HERD opened at $37.62 on Friday. The stock has a market cap of $90.29 million, a P/E ratio of 13.43 and a beta of 1.00. Pacer Cash Cows Fund of Funds ETF has a twelve month low of $36.29 and a twelve month high of $40.74. The stock has a 50 day moving average of $38.58 and a two-hundred day moving average of $38.99.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 13th. Investors of record on Friday, March 7th were given a $0.108 dividend. The ex-dividend date of this dividend was Friday, March 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 12.1% in the third quarter. D.A. Davidson & CO. now owns 21,405 shares of the company’s stock valued at $857,000 after buying an additional 2,315 shares during the last quarter. Centric Wealth Management lifted its position in Pacer Cash Cows Fund of Funds ETF by 22.1% during the 3rd quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock worth $2,308,000 after acquiring an additional 10,464 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 20.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after purchasing an additional 12,589 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF in the third quarter valued at approximately $217,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 22.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock worth $152,000 after purchasing an additional 730 shares during the period.

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.