Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Significant Decline in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 65,594 shares, a decline of 50.6% from the September 15th total of 132,690 shares. Based on an average daily volume of 255,188 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Pacer Global Cash Cows Dividend ETF Stock Performance

Shares of GCOW opened at $45.50 on Wednesday. The company has a 50-day simple moving average of $46.35 and a 200-day simple moving average of $45.75. The firm has a market capitalization of $2.77 billion, a P/E ratio of 12.82 and a beta of 0.69. Pacer Global Cash Cows Dividend ETF has a 52 week low of $39.08 and a 52 week high of $48.06.

Institutional Investors Weigh In On Pacer Global Cash Cows Dividend ETF

Institutional investors have recently added to or reduced their stakes in the company. Lighthouse Wealth Management Inc. increased its stake in Pacer Global Cash Cows Dividend ETF by 1.8% during the third quarter. Lighthouse Wealth Management Inc. now owns 193,965 shares of the company’s stock valued at $8,680,000 after acquiring an additional 3,390 shares during the period. First Heartland Consultants Inc. acquired a new position in Pacer Global Cash Cows Dividend ETF in the 3rd quarter valued at approximately $553,000. CoreCap Advisors LLC raised its holdings in Pacer Global Cash Cows Dividend ETF by 12.2% in the 3rd quarter. CoreCap Advisors LLC now owns 2,204 shares of the company’s stock valued at $99,000 after acquiring an additional 239 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Pacer Global Cash Cows Dividend ETF by 22.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 450,868 shares of the company’s stock valued at $19,302,000 after acquiring an additional 83,248 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Pacer Global Cash Cows Dividend ETF in the 2nd quarter worth approximately $215,000.

Pacer Global Cash Cows Dividend ETF Company Profile

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.