Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Update

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 4,617 shares, an increase of 71.5% from the July 30th total of 2,692 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,588 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

An institutional investor recently raised its position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. grew its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the quarter. Principal Securities Inc. owned about 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 as of its most recent filing with the Securities and Exchange Commission.

Principal Spectrum Tax-Advantaged Dividend Active ETF Trading Down 0.1%

Shares of NYSEARCA PQDI traded down $0.02 during trading hours on Monday, hitting $19.24. The stock had a trading volume of 6,689 shares, compared to its average volume of 6,372. The firm’s 50-day moving average price is $19.32 and its two-hundred day moving average price is $19.41. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52 week low of $19.00 and a 52 week high of $20.07.

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.