Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) Sees Significant Decrease in Short Interest

Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 20,579 shares, a decline of 91.2% from the May 14th total of 233,013 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 72,270 shares, the short-interest ratio is presently 0.3 days.

Pacer Emerging Markets Cash Cows 100 ETF Stock Down 0.1%

ECOW traded down $0.03 during mid-day trading on Tuesday, reaching $26.54. 26,672 shares of the company traded hands, compared to its average volume of 55,935. The stock has a market capitalization of $197.72 million, a P/E ratio of 10.14 and a beta of 0.63. The company’s fifty day moving average price is $27.55 and its 200-day moving average price is $26.53. Pacer Emerging Markets Cash Cows 100 ETF has a 52-week low of $21.12 and a 52-week high of $29.53.

Pacer Emerging Markets Cash Cows 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 8th. Shareholders of record on Thursday, June 4th were issued a $0.0928 dividend. The ex-dividend date of this dividend was Thursday, June 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. lifted its holdings in Pacer Emerging Markets Cash Cows 100 ETF by 14.5% in the second quarter. Baird Financial Group Inc. now owns 24,006 shares of the company’s stock valued at $530,000 after acquiring an additional 3,039 shares during the period. Sankala Group LLC bought a new stake in Pacer Emerging Markets Cash Cows 100 ETF during the fourth quarter valued at approximately $444,000. Farther Finance Advisors LLC grew its position in Pacer Emerging Markets Cash Cows 100 ETF by 37.3% during the fourth quarter. Farther Finance Advisors LLC now owns 6,243 shares of the company’s stock valued at $152,000 after buying an additional 1,695 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in Pacer Emerging Markets Cash Cows 100 ETF during the first quarter valued at approximately $98,000.

Pacer Emerging Markets Cash Cows 100 ETF Company Profile

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.