Short Interest in Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) Decreases By 39.0%

Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 123,220 shares, a decline of 39.0% from the May 14th total of 201,861 shares. Based on an average daily trading volume, of 232,828 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ICOW. Harbor Investment Advisory LLC bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF during the fourth quarter valued at $33,000. SOL Capital Management CO bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF during the fourth quarter valued at $213,000. Arkadios Wealth Advisors bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF during the first quarter valued at $333,000. Sankala Group LLC bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF during the fourth quarter valued at $460,000. Finally, Barometer Capital Management Inc. bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF during the first quarter valued at $598,000.

Pacer Developed Markets International Cash Cows 100 ETF Price Performance

ICOW opened at $44.07 on Wednesday. Pacer Developed Markets International Cash Cows 100 ETF has a fifty-two week low of $33.14 and a fifty-two week high of $45.70. The firm’s fifty day moving average price is $44.37 and its two-hundred day moving average price is $42.21. The company has a market capitalization of $1.50 billion, a P/E ratio of 10.04 and a beta of 0.84.

About Pacer Developed Markets International Cash Cows 100 ETF

The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow. ICOW was launched on Jun 16, 2017 and is managed by Pacer.