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 July. As of July 31st, there was short interest totaling 2,692 shares, an increase of 53.8% from the July 15th total of 1,750 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 9,051 shares, the days-to-cover ratio is currently 0.3 days.

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

NYSEARCA PQDI opened at $19.24 on Wednesday. The company has a 50 day moving average price of $19.34 and a two-hundred day moving average price of $19.44. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 12-month low of $19.00 and a 12-month high of $20.07.

Institutional Investors Weigh In On 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. boosted its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 734,899 shares of the company’s stock after buying 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 at the end of the most recent quarter.

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.