Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Update

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant increase in short interest during the month of 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. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 10,012 shares, the short-interest ratio is presently 4.2 days.

Pacer Cash Cows Fund of Funds ETF Stock Performance

HERD traded down $0.42 on Friday, reaching $47.09. The company had a trading volume of 2,260 shares, compared to its average volume of 8,807. Pacer Cash Cows Fund of Funds ETF has a 52-week low of $38.15 and a 52-week high of $48.13. The company has a market cap of $94.18 million, a price-to-earnings ratio of 13.06 and a beta of 0.78. The business has a 50 day simple moving average of $46.39 and a 200 day simple moving average of $45.28.

Institutional Trading of Pacer Cash Cows Fund of Funds ETF

Several institutional investors and hedge funds have recently made changes to their positions in HERD. Rockefeller Capital Management L.P. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock worth $12,231,000 after acquiring an additional 208,937 shares during the last quarter. Jane Street Group LLC increased its stake in Pacer Cash Cows Fund of Funds ETF by 195.3% in the fourth quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock valued at $1,739,000 after acquiring an additional 26,469 shares during the last quarter. Osaic Holdings Inc. raised its position in Pacer Cash Cows Fund of Funds ETF by 30.8% during the fourth quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock valued at $3,065,000 after purchasing an additional 16,595 shares in the last quarter. D.A. Davidson & CO. raised its position in Pacer Cash Cows Fund of Funds ETF by 38.9% during the fourth quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock valued at $2,398,000 after purchasing an additional 15,446 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 4.6% during the third quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock worth $9,660,000 after purchasing an additional 9,936 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.