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

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 218,633 shares, a growth of 176.9% from the June 15th total of 78,963 shares. Based on an average daily trading volume, of 130,919 shares, the short-interest ratio is currently 1.7 days. Approximately 0.6% of the company’s stock are short sold.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

QDPL traded up $0.09 during midday trading on Wednesday, hitting $45.77. 22,540 shares of the company’s stock traded hands, compared to its average volume of 173,241. The company has a market cap of $1.70 billion, a PE ratio of 25.09 and a beta of 0.89. The stock’s fifty day simple moving average is $45.43 and its 200-day simple moving average is $43.42. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a one year low of $39.12 and a one year high of $46.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter worth $46,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter worth about $59,000. Ameriprise Financial Inc. acquired a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the third quarter worth about $202,000. RHL Group LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter worth about $309,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter worth about $349,000.

About Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

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.