Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Up 91.4% in June

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,299 shares, an increase of 91.4% from the June 15th total of 2,246 shares. Based on an average daily trading volume, of 9,526 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

Shares of NYSEARCA:PQDI remained flat at $19.36 during trading on Friday. 4,165 shares of the company were exchanged, compared to its average volume of 6,100. Principal Spectrum Tax-Advantaged Dividend Active ETF has a twelve month low of $19.00 and a twelve month high of $20.07. The company’s 50 day moving average is $19.40 and its 200 day moving average is $19.50.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Investment Advisory LLC lifted its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 31,447 shares of the company’s stock worth $616,000 after purchasing an additional 1,447 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock worth $3,668,000 after buying an additional 7,411 shares during the period. Principal Securities Inc. lifted its stake in 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 during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF during the fourth quarter worth about $614,000.

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.