Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) Sees Large Increase in Short Interest

Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,625 shares, an increase of 3,265.4% from the September 15th total of 78 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 13,420 shares, the short-interest ratio is presently 0.2 days.

Pacer US Cash Cows Growth ETF Stock Performance

Shares of BUL stock traded up $0.52 on Friday, hitting $61.69. The company’s stock had a trading volume of 2,378 shares, compared to its average volume of 11,366. Pacer US Cash Cows Growth ETF has a fifty-two week low of $50.34 and a fifty-two week high of $65.70. The company has a market capitalization of $129.55 million, a PE ratio of 16.49 and a beta of 1.01. The stock’s 50 day moving average is $63.09 and its 200-day moving average is $59.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNB Wealth Management LLC bought a new position in shares of Pacer US Cash Cows Growth ETF in the 4th quarter valued at $3,352,000. Oxbow Advisors LLC grew its holdings in shares of Pacer US Cash Cows Growth ETF by 151.5% during the 1st quarter. Oxbow Advisors LLC now owns 61,547 shares of the company’s stock valued at $3,327,000 after purchasing an additional 37,079 shares during the last quarter. Maridea Wealth Management LLC boosted its position in Pacer US Cash Cows Growth ETF by 264.1% in the first quarter. Maridea Wealth Management LLC now owns 15,418 shares of the company’s stock valued at $833,000 after buying an additional 11,184 shares in the last quarter. Sankala Group LLC acquired a new position in shares of Pacer US Cash Cows Growth ETF during the fourth quarter worth $496,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Pacer US Cash Cows Growth ETF by 22.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,270 shares of the company’s stock valued at $370,000 after acquiring an additional 1,134 shares in the last quarter.

About Pacer US Cash Cows Growth ETF

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.