Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) Sees Significant Decline in Short Interest

Pacer US Cash Cows Growth ETF (NYSEARCA:BUL) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 2,254 shares, a decrease of 76.5% from the October 15th total of 9,583 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,027 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Pacer US Cash Cows Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BUL. HighTower Advisors LLC bought a new stake in shares of Pacer US Cash Cows Growth ETF during the third quarter worth $1,753,000. Thoroughbred Financial Services LLC bought a new position in shares of Pacer US Cash Cows Growth ETF in the third quarter valued at about $485,000. Harbour Investments Inc. bought a new position in shares of Pacer US Cash Cows Growth ETF in the third quarter valued at about $2,420,000. Kestra Advisory Services LLC lifted its position in Pacer US Cash Cows Growth ETF by 11.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 28,687 shares of the company’s stock worth $1,749,000 after buying an additional 2,937 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in Pacer US Cash Cows Growth ETF during the 3rd quarter worth about $325,000.

Pacer US Cash Cows Growth ETF Trading Down 0.6%

NYSEARCA:BUL opened at $63.03 on Thursday. Pacer US Cash Cows Growth ETF has a 1 year low of $50.34 and a 1 year high of $65.70. The firm has a 50 day moving average of $61.94 and a 200-day moving average of $59.29. The stock has a market capitalization of $135.51 million, a P/E ratio of 19.15 and a beta of 1.01.

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.