Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Stock Short Interest Declines 37.6%

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 62,218 shares, a drop of 37.6% from the August 31st total of 99,629 shares. Based on an average daily volume of 120,977 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

Shares of NYSEARCA QDPL traded up $0.32 during mid-day trading on Friday, reaching $46.23. The company’s stock had a trading volume of 36,305 shares, compared to its average volume of 158,782. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 52 week low of $39.12 and a 52 week high of $47.12. The stock has a fifty day moving average of $46.16 and a two-hundred day moving average of $44.80. The firm has a market capitalization of $1.83 billion, a PE ratio of 25.09 and a beta of 0.89.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter worth $46,000. Continuum Advisory LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter worth $70,000. Compass Financial Management LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter worth about $162,000. Arkadios Wealth Advisors boosted its position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 9.9% during the 1st quarter. Arkadios Wealth Advisors now owns 9,039 shares of the company’s stock worth $363,000 after acquiring an additional 813 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 15,435 shares of the company’s stock valued at $620,000 after acquiring an additional 512 shares during the period.

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.