Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW) Short Interest Up 86.0% in May

by · The Markets Daily

Pacer Developed Markets International Cash Cows 100 ETF (BATS:ICOW – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 201,861 shares, a growth of 86.0% from the April 30th total of 108,518 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 181,579 shares, the short-interest ratio is presently 1.1 days.

Pacer Developed Markets International Cash Cows 100 ETF Stock Performance

ICOW opened at $45.60 on Tuesday. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.04 and a beta of 0.84. The company’s 50-day simple moving average is $43.89 and its two-hundred day simple moving average is $41.73. Pacer Developed Markets International Cash Cows 100 ETF has a 52-week low of $33.14 and a 52-week high of $45.70.

Hedge Funds Weigh In On Pacer Developed Markets International Cash Cows 100 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Longview Financial Advisors Inc. lifted its stake in Pacer Developed Markets International Cash Cows 100 ETF by 4.1% during the 1st quarter. Longview Financial Advisors Inc. now owns 323,105 shares of the company’s stock valued at $13,713,000 after acquiring an additional 12,699 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Pacer Developed Markets International Cash Cows 100 ETF by 21.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 290,521 shares of the company’s stock worth $10,578,000 after purchasing an additional 51,257 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Pacer Developed Markets International Cash Cows 100 ETF in the 1st quarter worth approximately $9,840,000. NewEdge Advisors LLC lifted its stake in shares of Pacer Developed Markets International Cash Cows 100 ETF by 71.5% in the 4th quarter. NewEdge Advisors LLC now owns 125,205 shares of the company’s stock worth $4,843,000 after purchasing an additional 52,217 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Pacer Developed Markets International Cash Cows 100 ETF by 8.1% in the 4th quarter. Captrust Financial Advisors now owns 82,422 shares of the company’s stock worth $3,188,000 after purchasing an additional 6,185 shares during the period.

Pacer Developed Markets International Cash Cows 100 ETF Company Profile

(Get Free Report)

The Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 100 companies out of the FTSE Developed Ex-US Index selected and weighted by free cash flow. ICOW was launched on Jun 16, 2017 and is managed by Pacer.

Further Reading