Pacer Global Cash Cows Dividend ETF (BATS:GCOW) Sees Significant Decrease in Short Interest

Pacer Global Cash Cows Dividend ETF (BATS:GCOW) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 74,677 shares, a drop of 52.2% from the August 15th total of 156,360 shares. Based on an average daily volume of 242,137 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GCOW. Aviance Capital Partners LLC grew its stake in Pacer Global Cash Cows Dividend ETF by 0.8% during the 1st quarter. Aviance Capital Partners LLC now owns 30,456 shares of the company’s stock valued at $1,408,000 after purchasing an additional 243 shares during the last quarter. KMG Fiduciary Partners LLC raised its stake in shares of Pacer Global Cash Cows Dividend ETF by 1.2% in the second quarter. KMG Fiduciary Partners LLC now owns 26,793 shares of the company’s stock worth $1,160,000 after purchasing an additional 319 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 0.9% during the second quarter. IFP Advisors Inc now owns 40,944 shares of the company’s stock worth $1,773,000 after purchasing an additional 349 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Pacer Global Cash Cows Dividend ETF by 3.4% during the first quarter. HB Wealth Management LLC now owns 17,055 shares of the company’s stock worth $789,000 after purchasing an additional 559 shares during the period. Finally, HF Advisory Group LLC boosted its position in Pacer Global Cash Cows Dividend ETF by 7.2% in the second quarter. HF Advisory Group LLC now owns 9,134 shares of the company’s stock valued at $396,000 after buying an additional 612 shares during the last quarter.

Pacer Global Cash Cows Dividend ETF Trading Down 0.3%

Shares of BATS:GCOW traded down $0.12 on Tuesday, reaching $46.76. The company had a trading volume of 214,640 shares, compared to its average volume of 307,125. The firm’s 50 day simple moving average is $46.29 and its 200-day simple moving average is $45.82. Pacer Global Cash Cows Dividend ETF has a 52-week low of $39.02 and a 52-week high of $48.06. The firm has a market capitalization of $2.85 billion, a PE ratio of 12.82 and a beta of 0.69.

About Pacer Global Cash Cows Dividend ETF

The Pacer Global Cash Cows Dividend ETF (GCOW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of developed-market large-cap stocks, selected by free cash flow yield and dividend yield, and weighted by aggregate dividends. GCOW was launched on Feb 23, 2016 and is managed by Pacer.