Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) Short Interest Update

Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 233,013 shares, a growth of 166.1% from the April 30th total of 87,569 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily volume of 55,506 shares, the days-to-cover ratio is currently 4.2 days.

Pacer Emerging Markets Cash Cows 100 ETF Stock Performance

Shares of Pacer Emerging Markets Cash Cows 100 ETF stock traded down $0.07 during midday trading on Friday, reaching $27.44. 55,084 shares of the company’s stock traded hands, compared to its average volume of 56,160. Pacer Emerging Markets Cash Cows 100 ETF has a 52 week low of $21.12 and a 52 week high of $29.53. The company’s 50 day simple moving average is $27.41 and its 200 day simple moving average is $26.43. The company has a market cap of $204.43 million, a price-to-earnings ratio of 10.14 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ECOW. Sankala Group LLC acquired a new position in Pacer Emerging Markets Cash Cows 100 ETF in the 4th quarter valued at $444,000. AdvisorNet Financial Inc acquired a new position in Pacer Emerging Markets Cash Cows 100 ETF in the 1st quarter valued at $98,000. Baird Financial Group Inc. grew its stake in Pacer Emerging Markets Cash Cows 100 ETF by 14.5% in the 2nd quarter. Baird Financial Group Inc. now owns 24,006 shares of the company’s stock valued at $530,000 after buying an additional 3,039 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Pacer Emerging Markets Cash Cows 100 ETF by 37.3% in the 4th quarter. Farther Finance Advisors LLC now owns 6,243 shares of the company’s stock valued at $152,000 after buying an additional 1,695 shares during the last quarter.

Pacer Emerging Markets Cash Cows 100 ETF Company Profile

The Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a fundamentally-weighted index of large- and mid-cap emerging market companies. ECOW was launched on May 2, 2019 and is managed by Pacer.