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) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 185,400 shares, anincreaseof192.4% from the July 31st total of 63,400 shares. Based on an average daily volume of 156,500 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 156,500 shares, the short-interest ratio is presently 1.2 days.

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

Several large investors have recently modified their holdings of the business. Baird Financial Group Inc. lifted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.2% during 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 during the last quarter. EverSource Wealth Advisors LLC bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at approximately $59,000. West Michigan Advisors LLC lifted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 5.5% during the second quarter. West Michigan Advisors LLC now owns 75,928 shares of the company’s stock valued at $3,034,000 after purchasing an additional 3,982 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at approximately $41,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.0% in the 1st quarter. NewEdge Advisors LLC now owns 106,326 shares of the company’s stock worth $3,883,000 after acquiring an additional 7,889 shares during the last quarter.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Down 0.5%

Shares of QDPL stock opened at $40.86 on Friday. The company has a 50 day moving average of $40.31 and a 200-day moving average of $38.30. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 12-month low of $31.79 and a 12-month high of $41.20. The firm has a market cap of $1.10 billion, a P/E ratio of 25.09 and a beta of 0.87.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 29th were paid a $0.1385 dividend. 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) annualized dividend and a dividend yield of 4.1%.

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.