Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Sees Significant Drop in Short Interest

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 18,500 shares, a drop of 61.7% from the October 15th total of 48,300 shares. Based on an average daily trading volume, of 88,200 shares, the days-to-cover ratio is presently 0.2 days.

Pacer US Large Cap Cash Cows Growth Leaders ETF Price Performance

Shares of NASDAQ COWG traded down $0.21 during midday trading on Thursday, hitting $32.28. The company’s stock had a trading volume of 606,573 shares, compared to its average volume of 66,240. The business’s fifty day simple moving average is $29.26 and its two-hundred day simple moving average is $27.58. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 1 year low of $22.16 and a 1 year high of $32.91. The firm has a market capitalization of $279.22 million, a price-to-earnings ratio of 25.31 and a beta of 1.07.

Pacer US Large Cap Cash Cows Growth Leaders ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 26th were paid a $0.0322 dividend. This represents a $0.13 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF stock. Team Financial Group LLC grew its stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,171 shares of the company’s stock after purchasing an additional 433 shares during the quarter. Pacer US Large Cap Cash Cows Growth Leaders ETF makes up about 2.3% of Team Financial Group LLC’s holdings, making the stock its 12th biggest position. Team Financial Group LLC owned 1.60% of Pacer US Large Cap Cash Cows Growth Leaders ETF worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission.

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.