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

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 42,005 shares, a decrease of 42.9% from the April 30th total of 73,551 shares. Based on an average trading volume of 151,983 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Up 0.5%

Shares of QDPL traded up $0.21 during mid-day trading on Tuesday, hitting $46.33. 117,540 shares of the company traded hands, compared to its average volume of 185,121. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 1-year low of $38.20 and a 1-year high of $46.34. The company has a market capitalization of $1.64 billion, a PE ratio of 25.09 and a beta of 0.88. The business has a 50 day moving average of $43.28 and a 200 day moving average of $42.74.

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

Several hedge funds have recently modified their holdings of the stock. Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 106,630 shares of the company’s stock valued at $4,530,000 after acquiring an additional 2,072 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter valued at about $2,773,000. West Michigan Advisors LLC increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.7% during the fourth quarter. West Michigan Advisors LLC now owns 63,026 shares of the company’s stock valued at $2,688,000 after acquiring an additional 2,262 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.4% during the fourth quarter. Advisory Services Network LLC now owns 54,584 shares of the company’s stock valued at $2,319,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 54,044 shares of the company’s stock valued at $2,296,000 after acquiring an additional 814 shares in 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.