Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) Sees Large Decline in Short Interest

Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 6,800 shares, a decline of 46.5% from the February 28th total of 12,700 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pacer US Small Cap Cash Cows Growth Leaders ETF stock. Captrust Financial Advisors grew its position in shares of Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,243 shares of the company’s stock after buying an additional 451 shares during the period. Captrust Financial Advisors owned about 1.89% of Pacer US Small Cap Cash Cows Growth Leaders ETF worth $337,000 as of its most recent SEC filing.

Pacer US Small Cap Cash Cows Growth Leaders ETF Stock Performance

NASDAQ CAFG traded down $0.47 during mid-day trading on Friday, reaching $23.43. 7,486 shares of the stock were exchanged, compared to its average volume of 7,112. Pacer US Small Cap Cash Cows Growth Leaders ETF has a 1-year low of $22.30 and a 1-year high of $27.78. The stock has a market capitalization of $19.21 million, a PE ratio of 19.37 and a beta of 1.15. The business’s fifty day simple moving average is $24.95 and its 200 day simple moving average is $25.53.

Pacer US Small Cap Cash Cows Growth Leaders ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 12th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.0289 per share. The ex-dividend date was Thursday, March 6th. This is a boost from Pacer US Small Cap Cash Cows Growth Leaders ETF’s previous dividend of $0.01.

Pacer US Small Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a price momentum-weighted index of 100 small-cap US companies that exhibit the highest growth characteristics. CAFG was launched on May 1, 2023 and is managed by Pacer.