Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Sees Significant Growth in Short Interest

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 156,247 shares, a growth of 106.2% from the September 30th total of 75,759 shares. Based on an average daily volume of 226,868 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Pacer US Large Cap Cash Cows Growth Leaders ETF Trading Down 2.6%

Shares of COWG traded down $1.05 during mid-day trading on Friday, reaching $39.38. 342,557 shares of the stock traded hands, compared to its average volume of 375,116. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 30.38 and a beta of 1.04. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 1 year low of $32.64 and a 1 year high of $41.73. The firm has a fifty day moving average price of $40.03 and a 200 day moving average price of $37.57.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Thursday, September 3rd were given a dividend of $0.1916 per share. This represents a $0.77 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, September 3rd.

Hedge Funds Weigh In On Pacer US Large Cap Cash Cows Growth Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in COWG. BNB Wealth Management LLC increased its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 0.8% in the third quarter. BNB Wealth Management LLC now owns 138,357 shares of the company’s stock worth $5,518,000 after purchasing an additional 1,094 shares during the last quarter. Noble Wealth Management PBC lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 2.8% during the third quarter. Noble Wealth Management PBC now owns 53,312 shares of the company’s stock valued at $2,126,000 after purchasing an additional 1,456 shares during the last quarter. Nilsine Partners LLC lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 18.2% during the second quarter. Nilsine Partners LLC now owns 11,810 shares of the company’s stock valued at $474,000 after purchasing an additional 1,819 shares during the last quarter. RVW Wealth LLC lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 12.8% during the second quarter. RVW Wealth LLC now owns 385,836 shares of the company’s stock valued at $15,490,000 after purchasing an additional 43,848 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% in the 2nd quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $123,000 after buying an additional 396 shares in the last quarter.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.