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) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,323 shares, a growth of 91.9% from the April 15th total of 9,550 shares. Based on an average daily volume of 17,972 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are sold short.

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

A number of hedge funds have recently made changes to their positions in QTPI. Jane Street Group LLC bought a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the first quarter worth about $345,000. Red Cedar Investment Management LLC boosted its stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 63.6% in the third quarter. Red Cedar Investment Management LLC now owns 327,100 shares of the company’s stock worth $8,372,000 after acquiring an additional 127,100 shares during the period. SMI Advisory Services LLC bought a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the fourth quarter worth about $20,852,000. Merit Financial Group LLC bought a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF in the fourth quarter worth about $1,284,000. Finally, West Michigan Advisors LLC boosted its stake in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 40.5% in the fourth quarter. West Michigan Advisors LLC now owns 30,265 shares of the company’s stock worth $778,000 after acquiring an additional 8,722 shares during the period.

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

Shares of NYSEARCA QTPI traded up $0.04 during mid-day trading on Monday, reaching $25.50. The company’s stock had a trading volume of 6,149 shares, compared to its average volume of 16,562. The stock has a fifty day moving average of $25.57 and a two-hundred day moving average of $25.67. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 52 week low of $24.64 and a 52 week high of $26.30.

About North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

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.