Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Drops By 52.6%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 52.6% from the January 31st total of 3,800 shares. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HERD. EverSource Wealth Advisors LLC boosted its position in Pacer Cash Cows Fund of Funds ETF by 21.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,828 shares of the company’s stock worth $69,000 after purchasing an additional 325 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Pacer Cash Cows Fund of Funds ETF by 22.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,005 shares of the company’s stock worth $152,000 after purchasing an additional 730 shares during the last quarter. MML Investors Services LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF in the third quarter worth about $217,000. Jane Street Group LLC purchased a new position in Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth about $242,000. Finally, Obermeyer Wealth Partners purchased a new position in Pacer Cash Cows Fund of Funds ETF in the fourth quarter worth about $299,000.

Pacer Cash Cows Fund of Funds ETF Price Performance

NASDAQ HERD traded up $0.04 during trading hours on Friday, hitting $38.22. The company’s stock had a trading volume of 9,713 shares, compared to its average volume of 12,098. Pacer Cash Cows Fund of Funds ETF has a 12 month low of $36.29 and a 12 month high of $40.74. The company’s 50 day simple moving average is $38.70 and its two-hundred day simple moving average is $39.09. The company has a market cap of $91.73 million, a P/E ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 30th were given a $0.1612 dividend. The ex-dividend date of this dividend was Monday, December 30th.

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.