Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 14,240 shares, a decrease of 65.8% from the April 30th total of 41,693 shares. Based on an average daily trading volume, of 3,048 shares, the days-to-cover ratio is presently 4.7 days. Currently, 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. World Equity Group Inc. boosted its position in Pacer Cash Cows Fund of Funds ETF by 2.3% during the first quarter. World Equity Group Inc. now owns 10,846 shares of the company’s stock valued at $496,000 after purchasing an additional 241 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Pacer Cash Cows Fund of Funds ETF by 3.3% during the fourth quarter. Kestra Advisory Services LLC now owns 10,283 shares of the company’s stock valued at $447,000 after purchasing an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Pacer Cash Cows Fund of Funds ETF by 23.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $98,000 after purchasing an additional 469 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at about $30,000. Finally, Advisory Services Network LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF during the third quarter valued at about $34,000.

Pacer Cash Cows Fund of Funds ETF Trading Up 0.4%

Shares of HERD traded up $0.21 during midday trading on Friday, reaching $48.49. 16,119 shares of the stock were exchanged, compared to its average volume of 8,524. Pacer Cash Cows Fund of Funds ETF has a 52 week low of $38.41 and a 52 week high of $48.65. The company’s 50 day moving average is $46.84 and its two-hundred day moving average is $45.66. The company has a market capitalization of $96.98 million, a P/E ratio of 13.06 and a beta of 0.78.

About Pacer Cash Cows Fund of Funds ETF

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.