Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 2,228 shares, a decline of 51.7% from the August 15th total of 4,617 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 6,280 shares, the short-interest ratio is presently 0.4 days.
Institutional Investors Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF
A hedge fund recently raised its position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. raised its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 42.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the quarter. Principal Securities Inc. owned 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 as of its most recent SEC filing.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance
NYSEARCA:PQDI traded up $0.04 during mid-day trading on Wednesday, hitting $18.99. 21,764 shares of the company traded hands, compared to its average volume of 7,885. The stock’s fifty day moving average price is $19.24 and its 200-day moving average price is $19.36. Principal Spectrum Tax-Advantaged Dividend Active ETF has a one year low of $18.80 and a one year high of $20.07.
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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