Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Up 91.4% in June

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,299 shares, a growth of 91.4% from the June 15th total of 2,246 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,526 shares, the short-interest ratio is currently 0.5 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

Shares of NYSEARCA PQDI traded up $0.02 during midday trading on Thursday, reaching $19.36. 3,769 shares of the company’s stock traded hands, compared to its average volume of 6,115. The stock’s 50 day simple moving average is $19.40 and its 200-day simple moving average is $19.50. Principal Spectrum Tax-Advantaged Dividend Active ETF has a one year low of $19.00 and a one year high of $20.07.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Principal Securities Inc. raised its holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF by 42.5% in the fourth quarter. Principal Securities Inc. now owns 734,899 shares of the company’s stock worth $14,386,000 after purchasing an additional 219,061 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF in the 4th quarter valued at about $614,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock worth $3,668,000 after buying an additional 7,411 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 31,447 shares of the company’s stock worth $616,000 after buying an additional 1,447 shares during the last 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.