Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 1,750 shares, a decrease of 59.3% from the June 30th total of 4,299 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 6,881 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. increased its stake 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 acquiring an additional 219,061 shares during 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 worth about $614,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of 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.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance
Shares of PQDI stock opened at $19.22 on Monday. Principal Spectrum Tax-Advantaged Dividend Active ETF has a one year low of $19.00 and a one year high of $20.07. The company’s fifty day moving average price is $19.38 and its 200-day moving average price is $19.49.
About Principal Spectrum Tax-Advantaged Dividend Active ETF
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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