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 April. As of April 30th, there was short interest totaling 41,693 shares, an increase of 96.1% from the April 15th total of 21,263 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 10,012 shares, the short-interest ratio is currently 4.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HERD. International Assets Investment Management LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at $30,000. Advisory Services Network LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter worth about $34,000. Founders Financial Alliance LLC bought a new position in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth about $68,000. EverSource Wealth Advisors LLC raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 23.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $98,000 after acquiring an additional 469 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in shares of Pacer Cash Cows Fund of Funds ETF by 705.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 2,940 shares of the company’s stock valued at $125,000 after acquiring an additional 2,575 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Pacer Cash Cows Fund of Funds ETF stock traded down $0.42 during midday trading on Friday, reaching $47.09. 2,260 shares of the stock were exchanged, compared to its average volume of 8,807. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $38.15 and a 52 week high of $48.13. The firm has a market cap of $94.18 million, a PE ratio of 13.06 and a beta of 0.78. The company’s fifty day moving average is $46.39 and its 200-day moving average is $45.28.

About Pacer Cash Cows Fund of Funds ETF

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.