Pacer US Cash Cows 100 ETF (BATS:COWZ) Sees Large Increase in Short Interest

Pacer US Cash Cows 100 ETF (BATS:COWZ) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 324,087 shares, a growth of 61.8% from the September 30th total of 200,348 shares. Based on an average daily volume of 988,130 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Pacer US Cash Cows 100 ETF

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in Pacer US Cash Cows 100 ETF by 1.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,824,648 shares of the company’s stock worth $114,150,000 after purchasing an additional 23,487 shares during the period. Kestra Advisory Services LLC boosted its stake in Pacer US Cash Cows 100 ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 1,729,166 shares of the company’s stock worth $108,177,000 after buying an additional 80,307 shares during the last quarter. Evensky & Katz LLC acquired a new position in shares of Pacer US Cash Cows 100 ETF during the 3rd quarter valued at about $57,327,000. D.A. Davidson & CO. purchased a new stake in shares of Pacer US Cash Cows 100 ETF in the third quarter valued at about $43,215,000. Finally, Wealthcare Advisory Partners LLC increased its position in Pacer US Cash Cows 100 ETF by 1.5% during the second quarter. Wealthcare Advisory Partners LLC now owns 595,665 shares of the company’s stock worth $37,050,000 after purchasing an additional 8,616 shares during the last quarter.

Pacer US Cash Cows 100 ETF Stock Performance

BATS COWZ opened at $71.37 on Monday. Pacer US Cash Cows 100 ETF has a 12-month low of $56.84 and a 12-month high of $72.52. The company has a fifty day simple moving average of $69.90 and a two-hundred day simple moving average of $65.43. The stock has a market cap of $26.94 billion, a P/E ratio of 14.17 and a beta of 0.95.

About Pacer US Cash Cows 100 ETF

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.