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

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 130,122 shares, a growth of 74.0% from the April 30th total of 74,793 shares. Based on an average daily volume of 270,838 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pacer Global Cash Cows Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cibc World Market Inc. boosted its stake in Pacer Global Cash Cows Dividend ETF by 35.8% in the third quarter. Cibc World Market Inc. now owns 41,023 shares of the company’s stock valued at $1,625,000 after acquiring an additional 10,804 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Pacer Global Cash Cows Dividend ETF by 964.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 292,781 shares of the company’s stock valued at $12,068,000 after acquiring an additional 265,273 shares during the last quarter. BCS Wealth Management boosted its stake in Pacer Global Cash Cows Dividend ETF by 97.8% in the fourth quarter. BCS Wealth Management now owns 66,774 shares of the company’s stock valued at $2,752,000 after acquiring an additional 33,023 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in Pacer Global Cash Cows Dividend ETF by 100.2% in the fourth quarter. Clear Creek Financial Management LLC now owns 36,559 shares of the company’s stock valued at $1,507,000 after acquiring an additional 18,300 shares during the last quarter. Finally, Cary Street Partners Financial LLC boosted its stake in Pacer Global Cash Cows Dividend ETF by 46.4% in the third quarter. Cary Street Partners Financial LLC now owns 35,686 shares of the company’s stock valued at $1,414,000 after acquiring an additional 11,310 shares during the last quarter.

Pacer Global Cash Cows Dividend ETF Price Performance

GCOW opened at $45.87 on Tuesday. Pacer Global Cash Cows Dividend ETF has a one year low of $37.36 and a one year high of $47.57. The company’s 50 day simple moving average is $46.03 and its 200-day simple moving average is $44.34. The stock has a market capitalization of $2.80 billion, a P/E ratio of 12.82 and a beta of 0.69.

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.