Pacer Global Cash Cows Dividend ETF (BATS:GCOW – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 74,677 shares, a decrease of 52.2% from the August 15th total of 156,360 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 242,137 shares, the days-to-cover ratio is currently 0.3 days.
Pacer Global Cash Cows Dividend ETF Price Performance
Shares of BATS:GCOW opened at $46.55 on Monday. Pacer Global Cash Cows Dividend ETF has a fifty-two week low of $39.02 and a fifty-two week high of $48.06. The business has a 50-day moving average of $46.23 and a two-hundred day moving average of $45.82. The stock has a market capitalization of $2.84 billion, a P/E ratio of 12.82 and a beta of 0.69.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Pacer Global Cash Cows Dividend ETF by 189.1% during the second quarter. NewEdge Advisors LLC now owns 180,685 shares of the company’s stock worth $6,861,000 after purchasing an additional 118,188 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Pacer Global Cash Cows Dividend ETF by 40.0% in the second quarter. Diversify Advisory Services LLC now owns 11,560 shares of the company’s stock worth $457,000 after buying an additional 3,300 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Pacer Global Cash Cows Dividend ETF by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,986,356 shares of the company’s stock worth $75,422,000 after buying an additional 44,905 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,645 shares of the company’s stock worth $404,000 after buying an additional 668 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 7,399,953 shares of the company’s stock worth $280,976,000 after buying an additional 398,111 shares during the period.
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.
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