Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Sees Large Drop in Short Interest

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) was the target of a significant drop in short interest during 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 trading volume, of 1,657 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

A hedge fund recently bought a new position in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC bought a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Stock Down 1.5%

QSIX stock opened at $42.91 on Thursday. The firm has a market cap of $19.31 million, a price-to-earnings ratio of 33.05 and a beta of 1.21. The company’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $38.92. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a 12-month low of $33.94 and a 12-month high of $44.34.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.2145 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. This is a positive change from Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF’s previous monthly dividend of $0.13.

About Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

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.