Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Significant Growth in Short Interest

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 24,900 shares, an increase of 522.5% from the March 31st total of 4,000 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its position in Pacer Cash Cows Fund of Funds ETF by 53.3% in the third quarter. Stratos Wealth Partners LTD. now owns 17,183 shares of the company’s stock worth $594,000 after acquiring an additional 5,974 shares in the last quarter. Centric Wealth Management acquired a new stake in Pacer Cash Cows Fund of Funds ETF during the third quarter valued at approximately $371,000. Prosperity Wealth Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 9.2% during the third quarter. Prosperity Wealth Management Inc. now owns 31,430 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,645 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 13.5% in the third quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock worth $279,000 after buying an additional 962 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Pacer Cash Cows Fund of Funds ETF by 74.5% in the third quarter. Envestnet Asset Management Inc. now owns 152,339 shares of the company’s stock worth $5,268,000 after buying an additional 65,053 shares during the last quarter.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.7 %

Shares of HERD stock traded up $0.27 during trading hours on Friday, hitting $38.16. 18,157 shares of the company were exchanged, compared to its average volume of 12,151. Pacer Cash Cows Fund of Funds ETF has a 1 year low of $31.57 and a 1 year high of $39.56. The firm has a market cap of $95.40 million, a PE ratio of 6.98 and a beta of 1.00. The firm has a fifty day moving average of $38.17 and a 200 day moving average of $36.50.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 25th were paid a $0.1384 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, March 22nd.

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.