Short Interest in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Drops By 66.5%

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,798 shares, a drop of 66.5% from the April 30th total of 5,368 shares. Based on an average daily volume of 4,384 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

PQDI stock remained flat at $19.48 on Friday. The company had a trading volume of 5,495 shares, compared to its average volume of 5,778. The company has a 50-day moving average price of $19.40 and a two-hundred day moving average price of $19.54. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 12 month low of $18.97 and a 12 month high of $20.07.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC lifted its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 31,447 shares of the company’s stock worth $616,000 after acquiring an additional 1,447 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock valued at $3,668,000 after buying an additional 7,411 shares during the period. Envestnet Asset Management Inc. lifted its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 517,934 shares of the company’s stock valued at $10,175,000 after buying an additional 28,495 shares during the period. Jane Street Group LLC purchased a new position in Principal Spectrum Tax-Advantaged Dividend Active ETF during the fourth quarter valued at $614,000. Finally, Principal Securities Inc. lifted its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 42.5% during the fourth quarter. Principal Securities Inc. now owns 734,899 shares of the company’s stock valued at $14,386,000 after buying an additional 219,061 shares during the 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.