North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI – Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 38,641 shares, a growth of 57.3% from the January 29th total of 24,561 shares. Based on an average daily volume of 21,918 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.4% of the shares of the company are short sold. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 21,918 shares, the days-to-cover ratio is presently 1.8 days.
Institutional Investors Weigh In On North Square RCIM Tax-Advantaged Preferred and Income Securities ETF
Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 22.6% during the 4th quarter. Osaic Holdings Inc. now owns 15,258 shares of the company’s stock worth $392,000 after purchasing an additional 2,808 shares during the period. Jane Street Group LLC purchased a new stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the fourth quarter valued at approximately $578,000. Red Cedar Investment Management LLC grew its holdings in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 42.5% during the fourth quarter. Red Cedar Investment Management LLC now owns 466,193 shares of the company’s stock worth $11,976,000 after acquiring an additional 139,093 shares during the period. West Michigan Advisors LLC raised its position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 40.5% in the fourth quarter. West Michigan Advisors LLC now owns 30,265 shares of the company’s stock worth $778,000 after acquiring an additional 8,722 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the fourth quarter valued at $1,284,000.
North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Stock Performance
QTPI traded up $0.02 during trading on Monday, hitting $25.85. The stock had a trading volume of 11,378 shares, compared to its average volume of 27,372. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a twelve month low of $24.07 and a twelve month high of $26.30. The company’s 50-day moving average price is $25.80 and its 200 day moving average price is $25.69.
About North Square RCIM Tax-Advantaged Preferred and Income Securities ETF
The North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide high current income and long-term capital appreciation with a focus on tax-advantaged qualified dividend income. The portfolio holds preferred securities, REITs, and other income focused securities. QTPI was launched on Dec 19, 2024 and is issued by North Square.
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