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

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,228 shares, a decline of 51.7% from the August 15th total of 4,617 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,280 shares, the short-interest ratio is presently 0.4 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

PQDI stock traded up $0.01 during trading on Tuesday, reaching $18.95. The company had a trading volume of 45,336 shares, compared to its average volume of 7,806. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52 week low of $18.80 and a 52 week high of $20.07. The business has a 50 day moving average of $19.25 and a 200 day moving average of $19.36.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. increased its position in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the period. Principal Securities Inc. owned 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent reporting period.

About Principal Spectrum Tax-Advantaged Dividend Active ETF

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.