Short Interest in Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) Declines By 70.4%

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 291 shares, a drop of 70.4% from the April 15th total of 983 shares. Based on an average daily volume of 3,714 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Stock Performance

Shares of QSIX stock traded up $0.31 during trading hours on Thursday, hitting $42.80. 2,031 shares of the company were exchanged, compared to its average volume of 4,295. Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF has a one year low of $32.41 and a one year high of $42.87. The business’s 50-day simple moving average is $37.74 and its two-hundred day simple moving average is $37.69. The stock has a market capitalization of $19.26 million, a price-to-earnings ratio of 33.05 and a beta of 1.16.

Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 30th were given a dividend of $0.073 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 2.0%.

Hedge Funds Weigh In On 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 purchased a new position in shares of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF (NASDAQ:QSIX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 873 shares of the company’s stock, valued at approximately $33,000. Sound Income Strategies LLC owned about 0.25% of Pacer Metaurus Nasdaq-100 Dividend Multiplier 600 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.