Pacer Cash Cows Fund of Funds ETF (NASDAQ:HERD) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemPacer Cash Cows Fund of Funds ETF (NASDAQ:HERD – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 14,240 shares, a decrease 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 trading volume of 3,048 shares, the short-interest ratio is currently 4.7 days.
Pacer Cash Cows Fund of Funds ETF Stock Up 0.4%
Shares of NASDAQ HERD traded up $0.21 during trading on Friday, hitting $48.49. The company had a trading volume of 16,119 shares, compared to its average volume of 8,524. The stock has a fifty day simple moving average of $46.84 and a two-hundred day simple moving average of $45.64. Pacer Cash Cows Fund of Funds ETF has a fifty-two week low of $38.41 and a fifty-two week high of $48.65. The firm has a market capitalization of $96.98 million, a price-to-earnings ratio of 13.06 and a beta of 0.78.
Institutional Trading of Pacer Cash Cows Fund of Funds ETF
Hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 288.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 281,443 shares of the company’s stock valued at $12,231,000 after purchasing an additional 208,937 shares during the last quarter. Jane Street Group LLC boosted its stake in Pacer Cash Cows Fund of Funds ETF by 195.3% during the fourth quarter. Jane Street Group LLC now owns 40,024 shares of the company’s stock worth $1,739,000 after buying an additional 26,469 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Pacer Cash Cows Fund of Funds ETF by 30.8% in the 4th quarter. Osaic Holdings Inc. now owns 70,513 shares of the company’s stock worth $3,065,000 after acquiring an additional 16,595 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Pacer Cash Cows Fund of Funds ETF by 38.9% in the 4th quarter. D.A. Davidson & CO. now owns 55,168 shares of the company’s stock valued at $2,398,000 after purchasing an additional 15,446 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Pacer Cash Cows Fund of Funds ETF by 4.6% during the third quarter. Envestnet Asset Management Inc. now owns 228,052 shares of the company’s stock worth $9,660,000 after purchasing an additional 9,936 shares in the last quarter.
About Pacer Cash Cows Fund of Funds ETF
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.