Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Sees Significant Drop in Short Interest

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 41,850 shares, a drop of 61.7% from the July 30th total of 109,291 shares. Based on an average daily trading volume, of 130,384 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allied Private Wealth LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the 2nd quarter worth $46,000. EverSource Wealth Advisors LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at about $59,000. Continuum Advisory LLC bought a new position in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter valued at about $70,000. Compass Financial Management LLC purchased a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the second quarter worth about $162,000. Finally, Ameriprise Financial Inc. purchased a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the third quarter worth about $202,000.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Trading Down 0.4%

Shares of QDPL stock traded down $0.17 during trading on Friday, hitting $46.50. The company’s stock had a trading volume of 114,577 shares, compared to its average volume of 163,859. The company has a market cap of $1.75 billion, a PE ratio of 25.09 and a beta of 0.89. The business has a fifty day moving average of $45.78 and a 200-day moving average of $44.13. 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.

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.