Short Interest in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Increases By 240.2%

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 990 shares, a growth of 240.2% from the April 30th total of 291 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,223 shares, the days-to-cover ratio is currently 0.8 days.

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

A hedge fund recently bought a new stake in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF stock. Sound Income Strategies LLC bought a new position in shares of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 873 shares of the company’s stock, valued at approximately $33,000. Sound Income Strategies LLC owned 0.25% of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF at the end of the most recent quarter.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Trading Up 0.1%

QSIX traded up $0.04 during trading on Friday, hitting $43.91. The stock had a trading volume of 388 shares, compared to its average volume of 4,007. The firm has a market cap of $19.76 million, a PE ratio of 33.05 and a beta of 1.16. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a 12 month low of $32.73 and a 12 month high of $43.99. The company has a 50 day simple moving average of $39.14 and a 200-day simple moving average of $38.04.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 29th will be paid a dividend of $0.1312 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, May 29th. This is a positive change from Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF’s previous monthly dividend of $0.07.

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.