Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Sees Large Increase in Short Interest

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 397 shares, an increase of 124.3% from the June 15th total of 177 shares. Based on an average trading volume of 1,692 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Stock Down 1.5%

NASDAQ QSIX traded down $0.65 during trading hours on Thursday, hitting $41.83. 305 shares of the stock were exchanged, compared to its average volume of 3,447. The company has a market cap of $18.82 million, a price-to-earnings ratio of 33.05 and a beta of 1.21. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a 12-month low of $33.94 and a 12-month high of $44.34. The stock has a 50-day moving average of $42.83 and a 200 day moving average of $39.26.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.2145 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF’s previous monthly dividend of $0.13.

Institutional Trading of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

An institutional investor recently bought a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC purchased a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 873 shares of the company’s stock, valued at approximately $33,000. Sound Income Strategies LLC owned approximately 0.25% of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF at the end of the most recent reporting period.

About Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF

The Pacer Metaurus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index composed of the stocks in the Nasdaq-100 Index, long positions in Nasdaq 100 Dividend futures, and US Treasurys. The objective is to provide 600% of the ordinary yield of the Nasdaq-100 Index in exchange for reduced participation in its price performance. QSIX was launched on Sep 23, 2024 and is issued by Pacer.