Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 41,693 shares, a growth of 96.1% from the April 15th total of 21,263 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 10,012 shares, the short-interest ratio is currently 4.2 days.
Pacer Cash Cows Fund of Funds ETF Price Performance
Shares of HERD stock opened at $47.51 on Tuesday. The company has a market capitalization of $95.02 million, a price-to-earnings ratio of 13.06 and a beta of 0.78. Pacer Cash Cows Fund of Funds ETF has a one year low of $38.15 and a one year high of $48.13. The company’s fifty day moving average price is $46.41 and its 200-day moving average price is $45.33.
Institutional Trading of Pacer Cash Cows Fund of Funds ETF
Several institutional investors and hedge funds have recently modified their holdings of HERD. International Assets Investment Management LLC bought a new stake in shares of Pacer Cash Cows Fund of Funds ETF during the 4th quarter valued at $30,000. Advisory Services Network LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 3rd quarter valued at $34,000. Founders Financial Alliance LLC bought a new stake in Pacer Cash Cows Fund of Funds ETF in the 4th quarter valued at $68,000. EverSource Wealth Advisors LLC increased its holdings in Pacer Cash Cows Fund of Funds ETF by 23.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $98,000 after acquiring an additional 469 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in Pacer Cash Cows Fund of Funds ETF by 705.5% in the 3rd quarter. Ameritas Advisory Services LLC now owns 2,940 shares of the company’s stock valued at $125,000 after acquiring an additional 2,575 shares during the last quarter.
About Pacer Cash Cows Fund of Funds ETF
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.
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