Pacer US Cash Cows 100 ETF (BATS:COWZ) Stock Short Interest Jumps 61.8%

Pacer US Cash Cows 100 ETF (BATS:COWZ) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 324,087 shares, an increase of 61.8% from the September 30th total of 200,348 shares. Based on an average trading volume of 988,130 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COWZ. Farmers & Merchants Investments Inc. acquired a new position in Pacer US Cash Cows 100 ETF in the third quarter valued at about $26,000. Robbins Farley acquired a new position in shares of Pacer US Cash Cows 100 ETF during the 2nd quarter worth about $31,000. SouthState Bank Corp bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 1st quarter valued at about $37,000. NBH Bank bought a new stake in shares of Pacer US Cash Cows 100 ETF in the 2nd quarter valued at about $40,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Pacer US Cash Cows 100 ETF in the 3rd quarter valued at approximately $41,000.

Pacer US Cash Cows 100 ETF Stock Performance

COWZ opened at $70.79 on Wednesday. The company has a fifty day moving average price of $69.86 and a two-hundred day moving average price of $65.52. The firm has a market capitalization of $26.72 billion, a PE ratio of 14.17 and a beta of 0.95. Pacer US Cash Cows 100 ETF has a 52 week low of $56.84 and a 52 week high of $72.52.

About Pacer US Cash Cows 100 ETF

The Pacer US Cash Cows 100 ETF (COWZ) is an exchange-traded fund that is based on the Pacer US Cash Cows 100 index. The fund tracks a free cash flow-weighted index of companies selected from the Russell 1000 Index. COWZ was launched on Dec 16, 2016 and is managed by Pacer.