Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Up 71.5% in August

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,617 shares, a growth of 71.5% from the July 30th total of 2,692 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 6,588 shares, the days-to-cover ratio is presently 0.7 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

PQDI stock opened at $19.11 on Wednesday. The stock’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $19.41. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1-year low of $19.00 and a 1-year high of $20.07.

Institutional Investors Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF

A hedge fund recently bought a new stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Jane Street Group LLC purchased a new stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,383 shares of the company’s stock, valued at approximately $614,000. Jane Street Group LLC owned 0.91% of Principal Spectrum Tax-Advantaged Dividend Active ETF as of its most recent filing with the Securities & Exchange Commission.

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.