Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) Stock Short Interest Rises 265.1%

Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 9,583 shares, an increase of 265.1% from the September 30th total of 2,625 shares. Based on an average daily volume of 3,907 shares, the short-interest ratio is presently 2.5 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Pacer US Cash Cows Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in shares of Pacer US Cash Cows Growth ETF in the 2nd quarter worth about $30,000. Fifth Third Bancorp bought a new stake in shares of Pacer US Cash Cows Growth ETF during the first quarter valued at approximately $38,000. Integrated Wealth Concepts LLC grew its stake in Pacer US Cash Cows Growth ETF by 22.1% in the second quarter. Integrated Wealth Concepts LLC now owns 6,270 shares of the company’s stock worth $370,000 after purchasing an additional 1,134 shares during the period. Independent Financial Group LLC bought a new position in shares of Pacer US Cash Cows Growth ETF in the 1st quarter worth about $258,000. Finally, BNB Wealth Management LLC increased its position in Pacer US Cash Cows Growth ETF by 19.3% during the 3rd quarter. BNB Wealth Management LLC now owns 38,126 shares of the company’s stock valued at $2,325,000 after buying an additional 6,174 shares in the last quarter.

Pacer US Cash Cows Growth ETF Price Performance

BUL stock traded down $0.86 during mid-day trading on Friday, reaching $60.98. 1,705 shares of the company traded hands, compared to its average volume of 11,164. The company has a market capitalization of $128.07 million, a P/E ratio of 16.49 and a beta of 1.01. Pacer US Cash Cows Growth ETF has a 52-week low of $50.34 and a 52-week high of $65.70. The company has a fifty day moving average price of $62.41 and a 200-day moving average price of $59.05.

Pacer US Cash Cows Growth ETF Company Profile

The Pacer US Cash Cows Growth ETF (BUL) is an exchange-traded fund that is based on the Pacer US Cash Cows Growth index. The fund tracks a market cap-weighted index of large- and mid-cap US growth equities selected using fundamental factors. BUL was launched on May 2, 2019 and is managed by Pacer.