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

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 75,297 shares, an increase of 80.3% from the March 15th total of 41,758 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 198,154 shares, the short-interest ratio is presently 0.4 days.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Stock Performance

Shares of QDPL stock opened at $41.77 on Monday. The firm has a fifty day moving average price of $41.66 and a 200 day moving average price of $42.18. The company has a market cap of $1.46 billion, a P/E ratio of 25.09 and a beta of 0.88. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a 12 month low of $33.27 and a 12 month high of $43.38.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.189 per share. The ex-dividend date was Friday, February 27th. This is an increase from Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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 company. Nations Financial Group Inc. IA ADV grew its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 122.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,645 shares of the company’s stock worth $1,116,000 after purchasing an additional 14,667 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 113.6% during the third quarter. Private Trust Co. NA now owns 10,479 shares of the company’s stock worth $439,000 after purchasing an additional 5,573 shares in the last quarter. Silverleafe Capital Partners LLC grew its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 29.8% during the third quarter. Silverleafe Capital Partners LLC now owns 7,770 shares of the company’s stock worth $326,000 after purchasing an additional 1,785 shares in the last quarter. RHL Group LLC acquired a new position in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter worth $309,000. Finally, BlueStem Wealth Partners LLC grew its stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF by 23.9% during the fourth quarter. BlueStem Wealth Partners LLC now owns 30,124 shares of the company’s stock worth $1,280,000 after purchasing an additional 5,812 shares in the last quarter.

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.