Short Interest in Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Expands By 96.1%

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 41,693 shares, an increase of 96.1% from the April 15th total of 21,263 shares. Based on an average trading volume of 10,012 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

Several institutional investors have recently added to or reduced their stakes in HERD. International Assets Investment Management LLC purchased a new stake in Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the third quarter worth approximately $34,000. Founders Financial Alliance LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the fourth quarter worth approximately $68,000. EverSource Wealth Advisors LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 23.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock worth $98,000 after purchasing an additional 469 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its position in Pacer Cash Cows Fund of Funds ETF by 705.5% in the third quarter. Ameritas Advisory Services LLC now owns 2,940 shares of the company’s stock worth $125,000 after acquiring an additional 2,575 shares in the last quarter.

Pacer Cash Cows Fund of Funds ETF Price Performance

Shares of Pacer Cash Cows Fund of Funds ETF stock traded up $0.42 on Monday, reaching $47.51. 4,245 shares of the company were exchanged, compared to its average volume of 8,758. Pacer Cash Cows Fund of Funds ETF has a 1-year low of $38.15 and a 1-year high of $48.13. The company has a market cap of $95.02 million, a P/E ratio of 13.06 and a beta of 0.78. The stock’s 50 day moving average price is $46.39 and its 200-day moving average price is $45.30.

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.