Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Short Interest Up 628.8% in August

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 60,789 shares, a growth of 628.8% from the July 30th total of 8,341 shares. Based on an average daily trading volume, of 234,944 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Performance

Shares of NASDAQ:COWG traded up $0.92 during mid-day trading on Thursday, hitting $40.44. 98,345 shares of the company traded hands, compared to its average volume of 405,627. The firm’s 50 day simple moving average is $38.76 and its 200 day simple moving average is $36.95. The firm has a market cap of $2.37 billion, a P/E ratio of 30.38 and a beta of 1.04. Pacer US Large Cap Cash Cows Growth Leaders ETF has a 52-week low of $32.64 and a 52-week high of $40.55.

Pacer US Large Cap Cash Cows Growth Leaders ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 8th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.0327 per share. This is an increase from Pacer US Large Cap Cash Cows Growth Leaders ETF’s previous dividend of $0.01. The ex-dividend date was Thursday, June 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 1.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 28,916 shares of the company’s stock valued at $1,018,000 after acquiring an additional 327 shares during the last quarter. CoreCap Advisors LLC raised 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 valued at $123,000 after purchasing an additional 396 shares in the last quarter. Team Financial Group LLC lifted its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 0.5% during the first quarter. Team Financial Group LLC now owns 226,280 shares of the company’s stock worth $7,634,000 after purchasing an additional 1,033 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 2.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 41,714 shares of the company’s stock worth $1,407,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Copia Wealth Management grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 2.9% in the fourth quarter. Copia Wealth Management now owns 42,586 shares of the company’s stock worth $1,499,000 after purchasing an additional 1,198 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.