Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) Shares Shorted: Short Interest Up 177.4% in September

Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 107,403 shares, a growth of 177.4% from the August 31st total of 38,714 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 221,947 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nilsine Partners LLC raised its holdings in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 18.2% in the 2nd quarter. Nilsine Partners LLC now owns 11,810 shares of the company’s stock worth $474,000 after buying an additional 1,819 shares in the last quarter. RVW Wealth LLC lifted its position in shares of Pacer US Large Cap Cash Cows Growth Leaders ETF by 12.8% during the 2nd quarter. RVW Wealth LLC now owns 385,836 shares of the company’s stock worth $15,490,000 after buying an additional 43,848 shares during the period. CoreCap Advisors LLC boosted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 14.9% in the 2nd quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock valued at $123,000 after buying an additional 396 shares in the last quarter. Cozad Asset Management Inc. boosted its stake in Pacer US Large Cap Cash Cows Growth Leaders ETF by 41.8% in the 1st quarter. Cozad Asset Management Inc. now owns 26,112 shares of the company’s stock valued at $881,000 after buying an additional 7,698 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Pacer US Large Cap Cash Cows Growth Leaders ETF by 20.8% in the first quarter. EverSource Wealth Advisors LLC now owns 106,583 shares of the company’s stock valued at $3,596,000 after acquiring an additional 18,323 shares during the period.

Pacer US Large Cap Cash Cows Growth Leaders ETF Price Performance

COWG opened at $39.55 on Tuesday. The company has a market capitalization of $2.31 billion, a P/E ratio of 30.38 and a beta of 1.04. The firm’s fifty day moving average price is $39.16 and its two-hundred day moving average price is $37.70. Pacer US Large Cap Cash Cows Growth Leaders ETF has a fifty-two week low of $32.64 and a fifty-two week high of $40.58.

Pacer US Large Cap Cash Cows Growth Leaders ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.1916 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 3rd.

About Pacer US Large Cap Cash Cows Growth Leaders ETF

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.