North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) Sees Significant Increase in Short Interest

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 16,743 shares, a growth of 74.2% from the May 31st total of 9,609 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 7,064 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the 1st quarter valued at $345,000. SMI Advisory Services LLC bought a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF during the fourth quarter valued at $20,852,000. Merit Financial Group LLC acquired a new stake 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 boosted 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 purchasing an additional 8,722 shares in the last quarter. Finally, Red Cedar Investment Management LLC grew its holdings 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 worth $11,976,000 after purchasing an additional 139,093 shares during the last quarter.

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

Shares of QTPI traded up $0.04 during trading hours on Thursday, hitting $25.58. 7,575 shares of the company were exchanged, compared to its average volume of 13,950. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 52 week low of $25.22 and a 52 week high of $26.30. The firm’s 50 day moving average is $25.54 and its 200-day moving average is $25.65.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Company Profile

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.