Short Interest in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Decreases By 59.3%

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,750 shares, a decline of 59.3% from the June 30th total of 4,299 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,881 shares, the days-to-cover ratio is currently 0.3 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

Shares of Principal Spectrum Tax-Advantaged Dividend Active ETF stock opened at $19.22 on Monday. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52-week low of $19.00 and a 52-week high of $20.07. The company has a fifty day moving average of $19.38 and a 200-day moving average of $19.49.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock valued at $3,668,000 after acquiring an additional 7,411 shares during the period. Jane Street Group LLC bought a new stake in Principal Spectrum Tax-Advantaged Dividend Active ETF in the 4th quarter worth about $614,000. Finally, Principal Securities Inc. raised its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 42.5% in the 4th quarter. Principal Securities Inc. now owns 734,899 shares of the company’s stock worth $14,386,000 after buying an additional 219,061 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.