Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) Sees Significant Increase in Short Interest

Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 44,115 shares, an increase of 114.4% from the May 31st total of 20,579 shares. Based on an average trading volume of 60,589 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are sold short.

Pacer Emerging Markets Cash Cows 100 ETF Price Performance

ECOW opened at $26.40 on Thursday. The company has a market capitalization of $209.88 million, a price-to-earnings ratio of 10.14 and a beta of 0.63. The firm’s fifty day moving average price is $27.36 and its two-hundred day moving average price is $26.71. Pacer Emerging Markets Cash Cows 100 ETF has a 1 year low of $21.85 and a 1 year high of $29.53.

Pacer Emerging Markets Cash Cows 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 8th. Investors of record on Thursday, June 4th were given a dividend of $0.0928 per share. The ex-dividend date of this dividend was Thursday, June 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new position in shares of Pacer Emerging Markets Cash Cows 100 ETF during the 1st quarter worth approximately $98,000. Farther Finance Advisors LLC grew its holdings in shares of Pacer Emerging Markets Cash Cows 100 ETF by 37.3% in the fourth quarter. Farther Finance Advisors LLC now owns 6,243 shares of the company’s stock valued at $152,000 after acquiring an additional 1,695 shares in the last quarter. Sankala Group LLC bought a new position in shares of Pacer Emerging Markets Cash Cows 100 ETF in the fourth quarter valued at approximately $444,000. Finally, Baird Financial Group Inc. increased its position in shares of Pacer Emerging Markets Cash Cows 100 ETF by 14.5% during the second quarter. Baird Financial Group Inc. now owns 24,006 shares of the company’s stock valued at $530,000 after acquiring an additional 3,039 shares during the last quarter.

Pacer Emerging Markets Cash Cows 100 ETF Company Profile

The Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a fundamentally-weighted index of large- and mid-cap emerging market companies. ECOW was launched on May 2, 2019 and is managed by Pacer.