Short Interest in Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Expands By 31.8%

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 236,000 shares, a growth of 31.8% from the February 13th total of 179,100 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 570,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Pacer US Large Cap Cash Cows Growth Leaders ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new stake in Pacer US Large Cap Cash Cows Growth Leaders ETF during the fourth quarter worth $498,000. Baird Financial Group Inc. purchased a new stake in Pacer US Large Cap Cash Cows Growth Leaders ETF during the fourth quarter worth $4,345,000. Belpointe Asset Management LLC purchased a new stake in Pacer US Large Cap Cash Cows Growth Leaders ETF during the fourth quarter worth $1,106,000. Cozad Asset Management Inc. purchased a new stake in Pacer US Large Cap Cash Cows Growth Leaders ETF during the fourth quarter worth $255,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Pacer US Large Cap Cash Cows Growth Leaders ETF by 61.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,247 shares of the company’s stock worth $328,000 after buying an additional 3,914 shares in the last quarter.

Pacer US Large Cap Cash Cows Growth Leaders ETF Trading Down 1.3 %

Shares of COWG stock traded down $0.43 during trading hours on Tuesday, hitting $31.38. The company’s stock had a trading volume of 460,978 shares, compared to its average volume of 225,808. The company has a 50 day moving average of $33.36 and a 200 day moving average of $31.67. The stock has a market cap of $1.10 billion, a PE ratio of 31.81 and a beta of 1.14. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 12-month low of $24.12 and a 12-month high of $35.87.

Pacer US Large Cap Cash Cows Growth Leaders ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 12th. Investors of record on Thursday, March 6th were issued a dividend of $0.0049 per share. The ex-dividend date was Thursday, March 6th.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

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.