Short Interest in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Drops By 69.3%

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 47,700 shares, a drop of 69.3% from the December 15th total of 155,300 shares. Based on an average trading volume of 257,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF stock. Team Financial Group LLC increased its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,738 shares of the company’s stock after buying an additional 4,934 shares during the quarter. Pacer US Large Cap Cash Cows Growth Leaders ETF comprises 2.4% of Team Financial Group LLC’s portfolio, making the stock its 11th largest position. Team Financial Group LLC owned about 1.92% of Pacer US Large Cap Cash Cows Growth Leaders ETF worth $3,550,000 as of its most recent filing with the SEC.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Up 1.0 %

Shares of NASDAQ COWG traded up $0.31 during trading on Tuesday, hitting $32.24. The company had a trading volume of 441,880 shares, compared to its average volume of 404,766. The firm has a market capitalization of $574.84 million, a price-to-earnings ratio of 25.31 and a beta of 1.07. The stock has a fifty day simple moving average of $32.84 and a two-hundred day simple moving average of $29.63. Pacer US Large Cap Cash Cows Growth Leaders ETF has a fifty-two week low of $23.50 and a fifty-two week high of $34.58.

Pacer US Large Cap Cash Cows Growth Leaders ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 27th were given a dividend of $0.0502 per share. The ex-dividend date was Friday, December 27th.

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.