Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Large Increase in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 231,893 shares, a growth of 97.2% from the July 15th total of 117,570 shares. Based on an average daily trading volume, of 268,097 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Pacer Global Cash Cows Dividend ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC increased its stake in shares of Pacer Global Cash Cows Dividend ETF by 231.8% in the first quarter. Hamilton Wealth LLC now owns 1,271,100 shares of the company’s stock worth $58,776,000 after purchasing an additional 888,023 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Pacer Global Cash Cows Dividend ETF by 47.0% during the 1st quarter. Royal Bank of Canada now owns 1,707,738 shares of the company’s stock valued at $78,966,000 after buying an additional 546,241 shares in the last quarter. Bank of America Corp DE lifted its stake 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 valued at $280,976,000 after buying an additional 398,111 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Pacer Global Cash Cows Dividend ETF by 23.6% in the 4th quarter. Cetera Investment Advisers now owns 1,286,963 shares of the company’s stock worth $53,049,000 after buying an additional 245,444 shares during the period. Finally, Ocean Park Asset Management LLC bought a new position in Pacer Global Cash Cows Dividend ETF in the 1st quarter worth approximately $11,272,000.

Pacer Global Cash Cows Dividend ETF Stock Performance

GCOW stock opened at $46.88 on Friday. The stock has a fifty day moving average of $45.00 and a 200-day moving average of $45.58. Pacer Global Cash Cows Dividend ETF has a fifty-two week low of $39.02 and a fifty-two week high of $47.57. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 12.82 and a beta of 0.69.

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.