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

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 210,523 shares, an increase of 156.2% from the June 15th total of 82,172 shares. Based on an average daily volume of 274,602 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 189.1% in the second quarter. NewEdge Advisors LLC now owns 180,685 shares of the company’s stock worth $6,861,000 after acquiring an additional 118,188 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Pacer Global Cash Cows Dividend ETF by 40.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,560 shares of the company’s stock valued at $457,000 after purchasing an additional 3,300 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Pacer Global Cash Cows Dividend ETF by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,986,356 shares of the company’s stock valued at $75,422,000 after purchasing an additional 44,905 shares during the last quarter. Ameriprise Financial Inc. increased its position in Pacer Global Cash Cows Dividend ETF by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,645 shares of the company’s stock worth $404,000 after purchasing an additional 668 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Pacer Global Cash Cows Dividend ETF by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 7,399,953 shares of the company’s stock worth $280,976,000 after purchasing an additional 398,111 shares in the last quarter.

Pacer Global Cash Cows Dividend ETF Stock Performance

Pacer Global Cash Cows Dividend ETF stock opened at $44.25 on Tuesday. Pacer Global Cash Cows Dividend ETF has a 52 week low of $37.96 and a 52 week high of $47.57. The stock has a market capitalization of $2.70 billion, a P/E ratio of 12.82 and a beta of 0.69. The stock has a fifty day moving average of $45.08 and a 200-day moving average of $44.95.

About Pacer Global Cash Cows Dividend ETF

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.