Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Sees Significant Increase in Short Interest

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,692 shares, an increase of 53.8% from the July 15th total of 1,750 shares. Based on an average daily volume of 9,051 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

NYSEARCA:PQDI opened at $19.22 on Tuesday. The company has a fifty day moving average of $19.34 and a two-hundred day moving average of $19.44. Principal Spectrum Tax-Advantaged Dividend Active ETF has a fifty-two week low of $19.00 and a fifty-two week high of $20.07.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

A hedge fund recently bought a new position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Jane Street Group LLC bought a new position in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 31,383 shares of the company’s stock, valued at approximately $614,000. Jane Street Group LLC owned about 0.91% of Principal Spectrum Tax-Advantaged Dividend Active ETF as of its most recent SEC filing.

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.