Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) Short Interest Down 64.3% in July

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (NYSEARCA:QDPL) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 78,150 shares, a drop of 64.3% from the June 30th total of 218,633 shares. Based on an average daily volume of 133,203 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter valued at about $46,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the second quarter valued at approximately $59,000. Ameriprise Financial Inc. bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the third quarter valued at approximately $202,000. RHL Group LLC bought a new stake in shares of Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF in the fourth quarter valued at approximately $309,000. Finally, Arkadios Wealth Advisors acquired a new stake in Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF during the fourth quarter worth approximately $349,000.

Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF Price Performance

QDPL stock opened at $44.95 on Monday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 25.09 and a beta of 0.89. The company has a fifty day moving average price of $45.47 and a two-hundred day moving average price of $43.56. Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF has a one year low of $39.12 and a one year high of $46.34.

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.