Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Significant Increase in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 130,122 shares, a growth of 74.0% from the April 30th total of 74,793 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 270,838 shares, the days-to-cover ratio is presently 0.5 days.

Pacer Global Cash Cows Dividend ETF Trading Down 0.0%

Shares of Pacer Global Cash Cows Dividend ETF stock opened at $45.87 on Tuesday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69. Pacer Global Cash Cows Dividend ETF has a 1-year low of $37.36 and a 1-year high of $47.57. The firm’s 50-day moving average price is $46.03 and its two-hundred day moving average price is $44.34.

Institutional Trading of Pacer Global Cash Cows Dividend ETF

Hedge funds have recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 200.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 750 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new stake in shares of Pacer Global Cash Cows Dividend ETF during the first quarter valued at approximately $39,000. Larson Financial Group LLC grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 80.9% during the third quarter. Larson Financial Group LLC now owns 1,015 shares of the company’s stock valued at $40,000 after purchasing an additional 454 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Pacer Global Cash Cows Dividend ETF during the second quarter valued at approximately $62,000. Finally, Private Trust Co. NA grew its stake in shares of Pacer Global Cash Cows Dividend ETF by 60.0% during the fourth quarter. Private Trust Co. NA now owns 1,600 shares of the company’s stock valued at $66,000 after purchasing an additional 600 shares during the last quarter.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.