Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,692 shares, a growth of 53.8% from the July 15th total of 1,750 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 9,051 shares, the days-to-cover ratio is presently 0.3 days.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance
Shares of PQDI opened at $19.25 on Thursday. Principal Spectrum Tax-Advantaged Dividend Active ETF has a one year low of $19.00 and a one year high of $20.07. The firm has a 50 day simple moving average of $19.34 and a two-hundred day simple moving average of $19.43.
Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF
An institutional investor recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. boosted its holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 42.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 734,899 shares of the company’s stock after buying an additional 219,061 shares during the quarter. Principal Securities Inc. owned approximately 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent reporting period.
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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