Short Interest in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Expands By 110.8%

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 130,753 shares, an increase of 110.8% from the December 31st total of 62,035 shares. Based on an average daily volume of 157,361 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 157,361 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. West Michigan Advisors LLC lifted its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 5.5% in the second quarter. West Michigan Advisors LLC now owns 75,928 shares of the company’s stock valued at $3,034,000 after buying an additional 3,982 shares during the period. Farther Finance Advisors LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter valued at about $2,773,000. Integrated Wealth Concepts LLC raised its holdings in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 2.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 53,230 shares of the company’s stock valued at $2,230,000 after acquiring an additional 1,435 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 8.2% in the 2nd quarter. Baird Financial Group Inc. now owns 27,491 shares of the company’s stock worth $1,085,000 after acquiring an additional 2,085 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 1.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 26,955 shares of the company’s stock worth $1,145,000 after purchasing an additional 310 shares in the last quarter.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

Shares of QDPL traded down $0.28 during mid-day trading on Friday, hitting $42.83. The company’s stock had a trading volume of 98,174 shares, compared to its average volume of 188,696. The stock’s 50-day moving average is $42.73 and its two-hundred day moving average is $41.83. The firm has a market capitalization of $1.46 billion, a PE ratio of 25.09 and a beta of 0.88. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a one year low of $31.79 and a one year high of $43.38.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.1452 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.58 dividend on an annualized basis and a yield of 1.4%.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Company Profile

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.