Short Interest in Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) Expands By 166.1%

Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 233,013 shares, a growth of 166.1% from the April 30th total of 87,569 shares. Based on an average daily volume of 55,506 shares, the short-interest ratio is currently 4.2 days. Currently, 3.1% of the company’s shares are sold short.

Pacer Emerging Markets Cash Cows 100 ETF Price Performance

Shares of NASDAQ ECOW traded up $0.21 during midday trading on Monday, reaching $27.65. 4,791 shares of the stock were exchanged, compared to its average volume of 55,636. The business has a 50-day simple moving average of $27.41 and a two-hundred day simple moving average of $26.43. The company has a market capitalization of $205.99 million, a price-to-earnings ratio of 10.14 and a beta of 0.64. Pacer Emerging Markets Cash Cows 100 ETF has a 12 month low of $21.12 and a 12 month high of $29.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc bought a new stake in shares of Pacer Emerging Markets Cash Cows 100 ETF in the first quarter worth about $98,000. Farther Finance Advisors LLC lifted its holdings in shares of Pacer Emerging Markets Cash Cows 100 ETF by 37.3% during the 4th quarter. Farther Finance Advisors LLC now owns 6,243 shares of the company’s stock valued at $152,000 after purchasing an additional 1,695 shares in the last quarter. Sankala Group LLC bought a new position in shares of Pacer Emerging Markets Cash Cows 100 ETF during the 4th quarter valued at about $444,000. Finally, Baird Financial Group Inc. grew its position in shares of Pacer Emerging Markets Cash Cows 100 ETF by 14.5% in the 2nd quarter. Baird Financial Group Inc. now owns 24,006 shares of the company’s stock valued at $530,000 after purchasing an additional 3,039 shares during the period.

About Pacer Emerging Markets Cash Cows 100 ETF

The Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a fundamentally-weighted index of large- and mid-cap emerging market companies. ECOW was launched on May 2, 2019 and is managed by Pacer.