Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL – Get Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 218,633 shares, an increase of 176.9% from the June 15th total of 78,963 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 130,919 shares, the days-to-cover ratio is presently 1.7 days.
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance
NYSEARCA QDPL traded up $0.08 on Tuesday, hitting $45.68. 85,589 shares of the company were exchanged, compared to its average volume of 174,464. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a twelve month low of $39.12 and a twelve month high of $46.34. The firm has a market capitalization of $1.69 billion, a P/E ratio of 25.09 and a beta of 0.89. The company’s 50 day moving average price is $45.43 and its 200-day moving average price is $43.42.
Hedge Funds Weigh In On Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Allied Private Wealth LLC bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter worth approximately $46,000. EverSource Wealth Advisors LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the 2nd quarter worth $59,000. Ameriprise Financial Inc. acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 3rd quarter worth $202,000. RHL Group LLC acquired a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 4th quarter worth $309,000. Finally, Arkadios Wealth Advisors bought a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter valued at about $349,000.
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. QDPL was launched on Jul 12, 2021 and is managed by Pacer.
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