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

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 185,400 shares, agrowthof192.4% from the July 31st total of 63,400 shares. Based on an average daily volume of 156,500 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 156,500 shares, the days-to-cover ratio is presently 1.2 days.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

QDPL opened at $40.86 on Friday. The firm’s fifty day moving average is $40.31 and its two-hundred day moving average is $38.30. The firm has a market cap of $1.10 billion, a PE ratio of 25.09 and a beta of 0.87. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a twelve month low of $31.79 and a twelve month high of $41.20.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were issued a dividend of $0.1385 per share. The ex-dividend date was Friday, August 29th. This is a positive change from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Investors Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nova Wealth Management Inc. bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter valued at about $41,000. Global Wealth Strategies & Associates bought a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 1st quarter valued at about $44,000. EverSource Wealth Advisors LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter worth about $59,000. Private Trust Co. NA boosted its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.1% during the 1st quarter. Private Trust Co. NA now owns 5,306 shares of the company’s stock worth $194,000 after buying an additional 444 shares during the period. Finally, 49 Wealth Management LLC acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 4th quarter worth about $222,000.

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.