Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Short Interest Down 65.8% in May

Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 14,240 shares, a decline of 65.8% from the April 30th total of 41,693 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,048 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On Pacer Cash Cows Fund of Funds ETF

A number of institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Pacer Cash Cows Fund of Funds ETF in the 4th quarter worth about $30,000. Advisory Services Network LLC acquired a new stake in Pacer Cash Cows Fund of Funds ETF in the third quarter valued at approximately $34,000. Founders Financial Alliance LLC purchased a new stake in shares of Pacer Cash Cows Fund of Funds ETF in the fourth quarter valued at approximately $68,000. EverSource Wealth Advisors LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 23.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock worth $98,000 after buying an additional 469 shares during the period. Finally, Ameritas Advisory Services LLC raised its stake in shares of Pacer Cash Cows Fund of Funds ETF by 705.5% during the 3rd quarter. Ameritas Advisory Services LLC now owns 2,940 shares of the company’s stock worth $125,000 after buying an additional 2,575 shares during the period.

Pacer Cash Cows Fund of Funds ETF Stock Up 0.4%

NASDAQ HERD traded up $0.21 during trading on Friday, hitting $48.49. 16,119 shares of the stock traded hands, compared to its average volume of 8,524. The firm has a 50-day simple moving average of $46.84 and a 200-day simple moving average of $45.64. Pacer Cash Cows Fund of Funds ETF has a 12-month low of $38.41 and a 12-month high of $48.65. The company has a market capitalization of $96.98 million, a P/E ratio of 13.06 and a beta of 0.78.

Pacer Cash Cows Fund of Funds ETF Company Profile

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.