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

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

Institutional Investors Weigh In On 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. increased its position in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 734,899 shares of the company’s stock after acquiring an additional 219,061 shares during the period. Principal Securities Inc. owned about 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent reporting period.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

PQDI stock traded down $0.11 during trading on Tuesday, hitting $19.13. 3,090 shares of the stock traded hands, compared to its average volume of 6,342. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1 year low of $19.00 and a 1 year high of $20.07. The firm’s 50 day moving average is $19.31 and its two-hundred day moving average is $19.41.

Principal Spectrum Tax-Advantaged Dividend Active ETF Company Profile

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.