Short Interest in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Expands By 110.8%

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 130,753 shares, an increase of 110.8% from the December 31st total of 62,035 shares. Based on an average daily trading volume, of 157,361 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 157,361 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Several institutional investors have recently added to or reduced their stakes in the business. West Michigan Advisors LLC grew its position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 5.5% during the 2nd quarter. West Michigan Advisors LLC now owns 75,928 shares of the company’s stock worth $3,034,000 after buying an additional 3,982 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter worth $59,000. Baird Financial Group Inc. increased its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.2% in the second quarter. Baird Financial Group Inc. now owns 27,491 shares of the company’s stock valued at $1,085,000 after purchasing an additional 2,085 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 113.6% during the third quarter. Private Trust Co. NA now owns 10,479 shares of the company’s stock valued at $439,000 after purchasing an additional 5,573 shares during the period. Finally, Silverleafe Capital Partners LLC raised its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 29.8% during the third quarter. Silverleafe Capital Partners LLC now owns 7,770 shares of the company’s stock valued at $326,000 after purchasing an additional 1,785 shares during the period.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Down 0.6%

QDPL stock opened at $42.85 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 25.09 and a beta of 0.88. The company’s fifty day simple moving average is $42.76 and its 200 day simple moving average is $41.86. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 12-month low of $31.79 and a 12-month high of $43.38.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be paid a dividend of $0.1452 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.58 annualized dividend and a yield of 1.4%.

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.