Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Short Interest Up 176.9% in June

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 218,633 shares, an increase of 176.9% from the June 15th total of 78,963 shares. Based on an average daily trading volume, of 130,919 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter valued at approximately $46,000. EverSource Wealth Advisors LLC bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter worth approximately $59,000. Ameriprise Financial Inc. bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 3rd quarter worth approximately $202,000. RHL Group LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 4th quarter valued at $309,000. Finally, Arkadios Wealth Advisors acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 4th quarter valued at $349,000.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

Shares of NYSEARCA:QDPL traded down $0.32 during midday trading on Monday, reaching $45.60. 149,332 shares of the company’s stock were exchanged, compared to its average volume of 175,143. The company’s 50 day simple moving average is $45.37 and its two-hundred day simple moving average is $43.38. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 12 month low of $39.12 and a 12 month high of $46.34. The firm has a market capitalization of $1.69 billion, a PE 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.