Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Short Interest Up 138.1% in August

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 99,629 shares, a growth of 138.1% from the August 15th total of 41,850 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 119,088 shares, the days-to-cover ratio is presently 0.8 days.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

Shares of QDPL stock opened at $46.04 on Monday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89. The stock has a 50-day moving average of $45.98 and a 200-day moving average of $44.39. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 1-year low of $39.12 and a 1-year high of $47.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QDPL. BNB Wealth Management LLC purchased a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter worth about $1,267,000. Continuum Advisory LLC purchased a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $70,000. Compass Financial Management LLC purchased a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $162,000. Bank of New York Mellon Corp boosted its stake 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 period. Finally, Allied Private Wealth LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth approximately $46,000.

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.