Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,299 shares, a growth of 91.4% from the June 15th total of 2,246 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 9,526 shares, the days-to-cover ratio is presently 0.5 days.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance
Shares of PQDI opened at $19.36 on Friday. The firm has a 50-day moving average price of $19.39 and a 200 day moving average price of $19.50. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52-week low of $19.00 and a 52-week high of $20.07.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF during the fourth quarter valued at approximately $614,000. Principal Securities Inc. lifted its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 42.5% in the fourth quarter. Principal Securities Inc. now owns 734,899 shares of the company’s stock worth $14,386,000 after purchasing an additional 219,061 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock valued at $3,668,000 after purchasing an additional 7,411 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 31,447 shares of the company’s stock valued at $616,000 after purchasing an additional 1,447 shares in the last quarter.
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.
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