Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Sees Significant Increase in Short Interest

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 218,633 shares, a growth of 176.9% from the June 15th total of 78,963 shares. Based on an average daily trading volume, of 130,919 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.6% of the shares of the stock are sold short.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Trading Down 0.7%

NYSEARCA QDPL traded down $0.32 on Monday, hitting $45.60. 149,332 shares of the company were exchanged, compared to its average volume of 175,143. The firm has a 50 day moving average of $45.37 and a two-hundred day moving average of $43.38. The company has a market cap of $1.69 billion, a P/E ratio of 25.09 and a beta of 0.89. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 1-year low of $39.12 and a 1-year high of $46.34.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Institutional investors have recently modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter worth approximately $46,000. Arkadios Wealth Advisors increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.9% in the first quarter. Arkadios Wealth Advisors now owns 9,039 shares of the company’s stock valued at $363,000 after purchasing an additional 813 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 25.9% in the first quarter. Sunbelt Securities Inc. now owns 23,198 shares of the company’s stock valued at $931,000 after purchasing an additional 4,767 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 15,435 shares of the company’s stock worth $620,000 after purchasing an additional 512 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,469 shares of the company’s stock worth $1,103,000 after purchasing an additional 514 shares during the last quarter.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

The Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index based on the stocks in the S&P 500 Index, long S&P Dividend futures and 3-year Treasurys. The objective is to provide 400% of the ordinary yield of the S&P 500 Index in exchange for reduced participation in the price performance. QDPL was launched on Jul 12, 2021 and is managed by Pacer.