Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Sees Large Growth in Short Interest

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 107,403 shares, an increase of 177.4% from the August 31st total of 38,714 shares. Based on an average daily trading volume, of 221,947 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Pacer US Large Cap Cash Cows Growth Leaders ETF Trading Down 1.2%

Pacer US Large Cap Cash Cows Growth Leaders ETF stock traded down $0.49 during trading hours on Monday, hitting $39.41. 145,506 shares of the stock traded hands, compared to its average volume of 388,641. The firm’s 50-day moving average price is $39.12 and its two-hundred day moving average price is $37.67. The company has a market cap of $2.30 billion, a PE ratio of 30.38 and a beta of 1.04. Pacer US Large Cap Cash Cows Growth Leaders ETF has a one year low of $32.64 and a one year high of $40.58.

Pacer US Large Cap Cash Cows Growth Leaders ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Thursday, September 3rd were paid a $0.1916 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 3rd.

Hedge Funds Weigh In On Pacer US Large Cap Cash Cows Growth Leaders ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Nilsine Partners LLC lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 18.2% during the second quarter. Nilsine Partners LLC now owns 11,810 shares of the company’s stock valued at $474,000 after buying an additional 1,819 shares during the period. RVW Wealth LLC grew its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 12.8% in the 2nd quarter. RVW Wealth LLC now owns 385,836 shares of the company’s stock worth $15,490,000 after buying an additional 43,848 shares during the period. CoreCap Advisors LLC increased its stake in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% in the 2nd quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $123,000 after acquiring an additional 396 shares in the last quarter. Cozad Asset Management Inc. lifted its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 41.8% during the 1st quarter. Cozad Asset Management Inc. now owns 26,112 shares of the company’s stock valued at $881,000 after acquiring an additional 7,698 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 20.8% during the first quarter. EverSource Wealth Advisors LLC now owns 106,583 shares of the company’s stock worth $3,596,000 after acquiring an additional 18,323 shares in the last quarter.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

The Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics. COWG was launched on Dec 21, 2022 and is managed by Pacer.