Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Down 83.8% in July

Posted by Oscar Bower on Jul 26th, 2024

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 7,400 shares, a decrease of 83.8% from the June 30th total of 45,800 shares. Based on an average daily volume of 20,700 shares, the short-interest ratio is currently 0.4 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

Shares of Pacer Cash Cows Fund of Funds ETF stock traded up $0.26 during trading hours on Thursday, hitting $38.30. The company’s stock had a trading volume of 4,842 shares, compared to its average volume of 15,992. Pacer Cash Cows Fund of Funds ETF has a twelve month low of $32.94 and a twelve month high of $39.56. The firm has a fifty day moving average of $38.08 and a 200-day moving average of $37.84. The stock has a market cap of $91.92 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.

Pacer Cash Cows Fund of Funds ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Friday, June 28th.

Hedge Funds Weigh In On Pacer Cash Cows Fund of Funds ETF

Large investors have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $38,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $55,000. Cozad Asset Management Inc. purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 1st quarter valued at $205,000. Advisory Services Network LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $235,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $238,000.

About Pacer Cash Cows Fund of Funds ETF

(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.