Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,617 shares, an increase of 71.5% from the July 30th total of 2,692 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,588 shares, the days-to-cover ratio is presently 0.7 days.
Hedge Funds Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF
An institutional investor recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. boosted its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Free Report) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the period. Principal Securities Inc. owned 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent reporting period.
Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Down 0.1%
Principal Spectrum Tax-Advantaged Dividend Active ETF stock traded down $0.02 during trading hours on Monday, hitting $19.24. The company had a trading volume of 6,689 shares, compared to its average volume of 6,372. The firm’s fifty day moving average is $19.32 and its 200-day moving average is $19.41. 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.
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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