Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Large Drop in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 156,360 shares, a decline of 32.6% from the July 30th total of 231,893 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 228,162 shares, the days-to-cover ratio is presently 0.7 days.

Pacer Global Cash Cows Dividend ETF Stock Up 0.3%

GCOW stock opened at $47.59 on Thursday. The business’s 50-day moving average price is $45.78 and its 200-day moving average price is $45.81. The stock has a market cap of $2.90 billion, a P/E ratio of 12.82 and a beta of 0.69. Pacer Global Cash Cows Dividend ETF has a twelve month low of $39.02 and a twelve month high of $48.06.

Institutional Investors Weigh In On Pacer Global Cash Cows Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in shares of Pacer Global Cash Cows Dividend ETF in the second quarter worth about $200,000. Kraematon Investment Advisors Inc. raised its stake in Pacer Global Cash Cows Dividend ETF by 3.5% during the 2nd quarter. Kraematon Investment Advisors Inc. now owns 19,835 shares of the company’s stock valued at $859,000 after purchasing an additional 676 shares during the period. HB Wealth Management LLC lifted its holdings in Pacer Global Cash Cows Dividend ETF by 12.9% in the 2nd quarter. HB Wealth Management LLC now owns 19,252 shares of the company’s stock worth $834,000 after purchasing an additional 2,197 shares in the last quarter. Compass Financial Management LLC purchased a new position in Pacer Global Cash Cows Dividend ETF in the 2nd quarter worth approximately $30,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in Pacer Global Cash Cows Dividend ETF by 28.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 90,273 shares of the company’s stock worth $3,909,000 after purchasing an additional 19,957 shares in the last quarter.

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.