Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Up 20.2% in December

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 25,000 shares, an increase of 20.2% from the December 15th total of 20,800 shares. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 1.5 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

NASDAQ:HERD traded up $0.22 on Friday, reaching $38.93. The company’s stock had a trading volume of 8,573 shares, compared to its average volume of 12,834. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $35.45 and a 1-year high of $40.74. The firm has a market cap of $93.43 million, a PE ratio of 7.15 and a beta of 1.00. The business’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $38.88.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were paid a $0.1612 dividend. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in Pacer Cash Cows Fund of Funds ETF by 552,783.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,870,186 shares of the company’s stock valued at $154,962,000 after acquiring an additional 3,869,486 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pacer Cash Cows Fund of Funds ETF by 17.6% in the second quarter. Envestnet Asset Management Inc. now owns 187,962 shares of the company’s stock worth $6,986,000 after purchasing an additional 28,120 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Pacer Cash Cows Fund of Funds ETF by 9.8% during the second quarter. Cetera Investment Advisers now owns 158,065 shares of the company’s stock worth $5,875,000 after purchasing an additional 14,113 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Pacer Cash Cows Fund of Funds ETF by 20.9% in the third quarter. Rockefeller Capital Management L.P. now owns 72,901 shares of the company’s stock valued at $2,919,000 after purchasing an additional 12,589 shares in the last quarter. Finally, Centric Wealth Management increased its stake in Pacer Cash Cows Fund of Funds ETF by 22.1% in the 3rd quarter. Centric Wealth Management now owns 57,734 shares of the company’s stock valued at $2,308,000 after buying an additional 10,464 shares during the last quarter.

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.