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

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 41,850 shares, a decline of 61.7% from the July 30th total of 109,291 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 130,384 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter valued at $46,000. EverSource Wealth Advisors LLC bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter worth $59,000. Continuum Advisory LLC acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter worth $70,000. Compass Financial Management LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at about $162,000. Finally, Ameriprise Financial Inc. bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the third quarter valued at about $202,000.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

Shares of NYSEARCA QDPL traded down $0.16 during trading hours on Friday, hitting $46.51. The stock had a trading volume of 87,830 shares, compared to its average volume of 163,660. The firm’s 50-day moving average price is $45.77 and its two-hundred day moving average price is $44.11. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 52 week low of $39.12 and a 52 week high of $47.12. The company has a market capitalization of $1.75 billion, a P/E ratio of 25.09 and a beta of 0.89.

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.