North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) Sees Significant Increase in Short Interest

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 16,743 shares, an increase of 74.2% from the May 31st total of 9,609 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,064 shares, the short-interest ratio is currently 2.4 days.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Stock Performance

Shares of NYSEARCA:QTPI traded up $0.04 during trading on Thursday, reaching $25.58. The stock had a trading volume of 7,575 shares, compared to its average volume of 13,950. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 52 week low of $25.22 and a 52 week high of $26.30. The business’s 50-day moving average price is $25.54 and its 200 day moving average price is $25.65.

Hedge Funds Weigh In On North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of QTPI. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the first quarter valued at $284,000. Jane Street Group LLC bought a new stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF during the first quarter worth $345,000. Osaic Holdings Inc. lifted its position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 22.6% during the 4th quarter. Osaic Holdings Inc. now owns 15,258 shares of the company’s stock valued at $392,000 after purchasing an additional 2,808 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 12.8% in the 1st quarter. AdvisorNet Financial Inc now owns 16,040 shares of the company’s stock valued at $407,000 after purchasing an additional 1,820 shares during the last quarter. Finally, West Michigan Advisors LLC grew its position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 40.5% during the 4th quarter. West Michigan Advisors LLC now owns 30,265 shares of the company’s stock worth $778,000 after buying an additional 8,722 shares during the period.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Company Profile

The North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide high current income and long-term capital appreciation with a focus on tax-advantaged qualified dividend income. The portfolio holds preferred securities, REITs, and other income focused securities. QTPI was launched on Dec 19, 2024 and is issued by North Square.