Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Rises By 174.4%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 21,400 shares, an increase of 174.4% from the May 31st total of 7,800 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of hedge funds have recently modified their holdings of the business. Principal Securities Inc. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth approximately $38,000. EverSource Wealth Advisors LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth $55,000. Cozad Asset Management Inc. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the first quarter worth $205,000. Advisory Services Network LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter valued at $235,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth about $238,000.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of HERD traded down $0.27 on Friday, reaching $37.17. The stock had a trading volume of 12,090 shares, compared to its average volume of 16,802. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $32.94 and a 12-month high of $39.56. The firm has a market capitalization of $92.92 million, a price-to-earnings ratio of 7.15 and a beta of 1.00. The company has a 50-day simple moving average of $38.21 and a 200-day simple moving average of $37.70.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 28th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, June 28th.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.