Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Shares Shorted: Short Interest Down 86.9% in September

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,665 shares, a drop of 86.9% from the September 15th total of 20,297 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 12,465 shares, the days-to-cover ratio is presently 0.2 days.

Principal Spectrum Tax-Advantaged Dividend Active ETF Trading Up 0.1%

Shares of NYSEARCA:PQDI traded up $0.01 during midday trading on Friday, hitting $18.61. The company had a trading volume of 77,514 shares, compared to its average volume of 9,703. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 12-month low of $18.48 and a 12-month high of $20.07. The company has a fifty day moving average of $19.05 and a two-hundred day moving average of $19.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Envestnet Asset Management Inc. boosted its position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 808,638 shares of the company’s stock after acquiring an additional 14,356 shares during the period. Envestnet Asset Management Inc. owned 13.48% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $15,772,000 at the end of the most recent 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.