Short Interest in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Declines By 64.3%

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 78,150 shares, a decline of 64.3% from the June 30th total of 218,633 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 133,203 shares, the short-interest ratio is presently 0.6 days.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Up 0.2%

Shares of QDPL traded up $0.07 during mid-day trading on Tuesday, hitting $45.07. 66,684 shares of the company’s stock were exchanged, compared to its average volume of 170,106. The firm has a fifty day moving average of $45.47 and a two-hundred day moving average of $43.57. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a twelve month low of $39.12 and a twelve month high of $46.34. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89.

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

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