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

by · The Cerbat Gem

Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 11,672 shares, a decrease of 41.8% from the August 15th total of 20,055 shares. Based on an average trading volume of 7,329 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pacer US Small Cap Cash Cows Growth Leaders ETF stock. Sankala Group LLC bought a new stake in Pacer US Small Cap Cash Cows Growth Leaders ETF (NASDAQ:CAFG – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,350 shares of the company’s stock, valued at approximately $206,000. Sankala Group LLC owned 1.05% of Pacer US Small Cap Cash Cows Growth Leaders ETF as of its most recent filing with the SEC.

Pacer US Small Cap Cash Cows Growth Leaders ETF Price Performance

CAFG stock traded up $0.05 during mid-day trading on Wednesday, reaching $32.78. The company had a trading volume of 10,437 shares, compared to its average volume of 8,924. The stock has a 50 day simple moving average of $33.40 and a two-hundred day simple moving average of $31.25. The company has a market capitalization of $65.53 million, a price-to-earnings ratio of 19.44 and a beta of 0.97. Pacer US Small Cap Cash Cows Growth Leaders ETF has a 52 week low of $24.24 and a 52 week high of $34.76.

Pacer US Small Cap Cash Cows Growth Leaders ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Thursday, September 3rd were paid a $0.0232 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%.

About Pacer US Small Cap Cash Cows Growth Leaders ETF

(Get Free Report)

The Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a price momentum-weighted index of 100 small-cap US companies that exhibit the highest growth characteristics. CAFG was launched on May 1, 2023 and is managed by Pacer.

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