Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Sees Significant Increase in Short Interest

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,692 shares, a growth of 53.8% from the July 15th total of 1,750 shares. Based on an average trading volume of 9,051 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

NYSEARCA PQDI opened at $19.22 on Tuesday. The stock has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $19.44. Principal Spectrum Tax-Advantaged Dividend Active ETF has a twelve month low of $19.00 and a twelve month high of $20.07.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

A hedge fund recently bought a new position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Jane Street Group LLC acquired a new stake in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,383 shares of the company’s stock, valued at approximately $614,000. Jane Street Group LLC owned approximately 0.91% of Principal Spectrum Tax-Advantaged Dividend Active ETF at the end of the most recent quarter.

Principal Spectrum Tax-Advantaged Dividend Active ETF Company Profile

The Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively selects dividend-paying securities that have favorable federal tax treatment, including preferred and capital securities, from global issuers. PQDI was launched on Jun 17, 2020 and is managed by Principal.