Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 20,297 shares, an increase of 811.0% from the August 31st total of 2,228 shares. Based on an average daily volume of 31,667 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance
NYSEARCA:PQDI traded down $0.09 on Thursday, reaching $18.85. 2,930 shares of the stock traded hands, compared to its average volume of 8,115. The company’s 50 day moving average is $19.19 and its 200-day moving average is $19.32. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1-year low of $18.80 and a 1-year high of $20.07.
Institutional Investors Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF
A hedge fund recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Envestnet Asset Management Inc. lifted its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 808,638 shares of the company’s stock after purchasing an additional 14,356 shares during the quarter. Envestnet Asset Management Inc. owned 13.48% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $15,772,000 at the end of the most recent reporting period.
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.
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