Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Large Drop in Short Interest

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERDGet Free Report) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,200 shares, a drop of 83.1% from the January 15th total of 13,000 shares. Based on an average trading volume of 17,600 shares, the short-interest ratio is currently 0.1 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD stock traded up $0.38 during mid-day trading on Monday, hitting $37.13. 12,427 shares of the company were exchanged, compared to its average volume of 14,232. The firm has a market cap of $87.24 million, a P/E ratio of 6.68 and a beta of 1.00. The firm’s 50 day simple moving average is $36.55 and its 200 day simple moving average is $35.39. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $31.34 and a 1-year high of $38.05.

Pacer Cash Cows Fund of Funds ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 29th were issued a dividend of $0.212 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.85 annualized dividend and a yield of 2.28%.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several hedge funds have recently bought and sold shares of HERD. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,094 shares of the company’s stock valued at $215,000 after purchasing an additional 347 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Pacer Cash Cows Fund of Funds ETF by 13.5% in the third quarter. Avantax Advisory Services Inc. now owns 8,074 shares of the company’s stock valued at $279,000 after buying an additional 962 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at $38,000. Coastal Investment Advisors Inc. bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the second quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at $55,000.

Pacer Cash Cows Fund of Funds ETF Company Profile

(Get Free Report)

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.

Further Reading

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