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 September. As of September 15th, there was short interest totaling 20,297 shares, a growth of 811.0% from the August 31st total of 2,228 shares. Based on an average daily trading volume, of 31,667 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Down 0.5%
Shares of NYSEARCA PQDI traded down $0.09 during trading on Thursday, reaching $18.85. 2,930 shares of the stock traded hands, compared to its average volume of 8,115. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52-week low of $18.80 and a 52-week high of $20.07. The company has a 50-day moving average of $19.19 and a 200-day moving average of $19.32.
Institutional Investors Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF
A hedge fund recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Envestnet Asset Management Inc. boosted its holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 808,638 shares of the company’s stock after buying an additional 14,356 shares during the period. Envestnet Asset Management Inc. owned approximately 13.48% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $15,772,000 as of its most recent filing with the Securities and 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.
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