Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Short Interest Up 240.2% in May

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 990 shares, an increase of 240.2% from the April 30th total of 291 shares. Based on an average daily trading volume, of 1,223 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC bought a new position in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Price Performance

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock remained flat at $43.87 during mid-day trading on Friday. 918 shares of the company’s stock were exchanged, compared to its average volume of 4,043. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a 12 month low of $32.73 and a 12 month high of $43.91. The company has a market cap of $19.74 million, a P/E ratio of 33.05 and a beta of 1.16. The business’s 50-day simple moving average is $38.99 and its 200-day simple moving average is $38.00.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were issued a $0.073 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 2.0%.

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.