Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Short Interest Down 52.7% in June

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 177 shares, a drop of 52.7% from the May 31st total of 374 shares. Based on an average daily volume of 1,657 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

An institutional investor recently bought a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC acquired a new position in shares of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 873 shares of the company’s stock, valued at approximately $33,000. Sound Income Strategies LLC owned 0.25% of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF at the end of the most recent quarter.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Price Performance

Shares of QSIX stock traded up $0.34 during trading on Tuesday, reaching $43.40. The company’s stock had a trading volume of 2,709 shares, compared to its average volume of 3,595. The company has a market capitalization of $19.53 million, a price-to-earnings ratio of 33.05 and a beta of 1.21. The stock’s 50-day moving average price is $42.12 and its 200 day moving average price is $38.85. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a 1-year low of $33.94 and a 1-year high of $44.34.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were given a $0.1312 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 3.6%. This is a boost from Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF’s previous monthly dividend of $0.07.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Company Profile

The Pacer Metaurus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index composed of the stocks in the Nasdaq-100 Index, long positions in Nasdaq 100 Dividend futures, and US Treasurys. The objective is to provide 600% of the ordinary yield of the Nasdaq-100 Index in exchange for reduced participation in its price performance. QSIX was launched on Sep 23, 2024 and is issued by Pacer.