Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a decrease of 83.3% from the February 13th total of 1,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Obermeyer Wealth Partners acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter worth about $299,000. Cetera Investment Advisers lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 169.4% during the 4th quarter. Cetera Investment Advisers now owns 435,767 shares of the company’s stock valued at $16,519,000 after purchasing an additional 274,017 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at about $242,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 10.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 80,581 shares of the company’s stock valued at $3,055,000 after purchasing an additional 7,680 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 3.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 202,897 shares of the company’s stock valued at $7,692,000 after acquiring an additional 6,618 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ:HERD traded down $0.25 during mid-day trading on Thursday, reaching $37.16. The stock had a trading volume of 3,378 shares, compared to its average volume of 14,651. The business’s 50 day moving average is $38.65 and its 200 day moving average is $39.07. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $36.29 and a fifty-two week high of $40.74. The stock has a market cap of $89.18 million, a P/E ratio of 12.86 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, March 7th will be given a $0.108 dividend. The ex-dividend date is Friday, March 7th.

About Pacer Cash Cows Fund of Funds ETF

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.