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

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

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

PQDI stock traded down $0.05 during midday trading on Wednesday, hitting $19.24. 11,428 shares of the stock were exchanged, compared to its average volume of 6,284. The stock’s 50-day moving average price is $19.38 and its 200-day moving average price is $19.48. Principal Spectrum Tax-Advantaged Dividend Active ETF has a fifty-two week low of $19.00 and a fifty-two week high of $20.07.

Hedge Funds Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF

A number of institutional investors have recently modified their holdings of the company. 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 worth $14,386,000 after buying an additional 219,061 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% in the 4th 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. Finally, Jane Street Group LLC acquired a new position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF during the 4th quarter valued at about $614,000.

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.