Short Interest in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) Increases By 91.9%

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,323 shares, a growth of 91.9% from the April 15th total of 9,550 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 17,972 shares, the short-interest ratio is presently 1.0 days.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Stock Performance

Shares of QTPI traded down $0.15 on Friday, hitting $25.46. 3,346 shares of the stock traded hands, compared to its average volume of 16,675. The stock’s 50 day moving average is $25.58 and its two-hundred day moving average is $25.67. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 1 year low of $24.64 and a 1 year high of $26.30.

Hedge Funds Weigh In On North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

A number of large investors have recently bought and sold shares of QTPI. SMI Advisory Services LLC purchased a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 4th quarter valued at $20,852,000. Red Cedar Investment Management LLC raised its stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 42.5% in the 4th quarter. Red Cedar Investment Management LLC now owns 466,193 shares of the company’s stock valued at $11,976,000 after acquiring an additional 139,093 shares during the period. Merit Financial Group LLC purchased a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 4th quarter valued at $1,284,000. West Michigan Advisors LLC raised its stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 40.5% in the 4th quarter. West Michigan Advisors LLC now owns 30,265 shares of the company’s stock valued at $778,000 after acquiring an additional 8,722 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 4th quarter valued at $578,000.

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.