Pacer US Cash Cows Bond ETF (BATS:MILK) Sees Significant Drop in Short Interest

Pacer US Cash Cows Bond ETF (BATS:MILK) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 10,225 shares, a decrease of 61.6% from the July 30th total of 26,633 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,745 shares, the short-interest ratio is currently 3.7 days.

Institutional Trading of Pacer US Cash Cows Bond ETF

Several hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC raised its stake in Pacer US Cash Cows Bond ETF by 2.0% in the 1st quarter. Kestra Advisory Services LLC now owns 106,734 shares of the company’s stock valued at $2,580,000 after acquiring an additional 2,082 shares during the period. Jane Street Group LLC bought a new stake in shares of Pacer US Cash Cows Bond ETF in the first quarter valued at approximately $1,201,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Pacer US Cash Cows Bond ETF during the 2nd quarter valued at approximately $82,000.

Pacer US Cash Cows Bond ETF Price Performance

Shares of BATS MILK opened at $24.24 on Friday. The company’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $24.46. Pacer US Cash Cows Bond ETF has a 12-month low of $23.83 and a 12-month high of $25.95.

About Pacer US Cash Cows Bond ETF

The Pacer US Cash Cows Bond ETF (MILK) is an exchange-traded fund that is based on the Solactive Pacer US Cash Cows Bond index. The fund tracks an index of investment grade US corporate bonds, selected based on cash flow yield and margins. The average weighted maturity of the portfolio is approximately 15 years MILK was launched on Dec 17, 2024 and is issued by Pacer.