Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Down 59.3% in July

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDIGet Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 1,750 shares, a drop of 59.3% from the June 30th total of 4,299 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 6,881 shares, the short-interest ratio is presently 0.3 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

Shares of NYSEARCA:PQDI traded up $0.01 during midday trading on Tuesday, reaching $19.29. The company had a trading volume of 12,795 shares, compared to its average volume of 6,249. The business’s 50 day moving average price is $19.38 and its 200 day moving average price is $19.48. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1-year low of $19.00 and a 1-year high of $20.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF during the 4th quarter worth approximately $614,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock valued at $3,668,000 after buying an additional 7,411 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of 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 valued at $14,386,000 after buying an additional 219,061 shares in the last quarter.

About Principal Spectrum Tax-Advantaged Dividend Active ETF

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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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