Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Sees Significant Growth in Short Interest

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in COWG. Creative Financial Designs Inc. ADV grew its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 28,916 shares of the company’s stock worth $1,018,000 after purchasing an additional 327 shares during the period. CoreCap Advisors LLC increased its holdings in Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% in the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $123,000 after purchasing an additional 396 shares in the last quarter. Team Financial Group LLC lifted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 0.5% in the first quarter. Team Financial Group LLC now owns 226,280 shares of the company’s stock valued at $7,634,000 after buying an additional 1,033 shares during the period. Nations Financial Group Inc. IA ADV lifted 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 valued at $1,407,000 after buying an additional 1,047 shares during the period. Finally, Copia Wealth Management boosted its holdings in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 2.9% during the 4th quarter. Copia Wealth Management now owns 42,586 shares of the company’s stock worth $1,499,000 after buying an additional 1,198 shares in the last quarter.

Pacer US Large Cap Cash Cows Growth Leaders ETF Stock Up 0.3%

Shares of NASDAQ COWG opened at $39.42 on Wednesday. The company has a market capitalization of $2.31 billion, a PE ratio of 30.38 and a beta of 1.04. Pacer US Large Cap Cash Cows Growth Leaders ETF has a twelve month low of $32.64 and a twelve month high of $40.55. The firm has a fifty day simple moving average of $38.73 and a 200 day simple moving average of $36.91.

Pacer US Large Cap Cash Cows Growth Leaders ETF Increases Dividend

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

Pacer US Large Cap Cash Cows Growth Leaders ETF Company Profile

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.