Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,665 shares, a decrease of 86.9% from the September 15th total of 20,297 shares. Based on an average daily volume of 12,465 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance
Shares of PQDI stock traded up $0.01 during midday trading on Friday, reaching $18.61. 77,514 shares of the company traded hands, compared to its average volume of 9,703. The firm’s 50 day simple moving average is $19.05 and its two-hundred day simple moving average is $19.27. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1-year low of $18.48 and a 1-year high of $20.07.
Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF
A hedge fund recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Envestnet Asset Management Inc. increased its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 808,638 shares of the company’s stock after acquiring an additional 14,356 shares during the period. Envestnet Asset Management Inc. owned approximately 13.48% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $15,772,000 as of its most recent SEC filing.
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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