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

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 20,297 shares, an increase of 811.0% from the August 31st total of 2,228 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 31,667 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Envestnet Asset Management Inc. raised its stake 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 13F filing with the SEC. The fund owned 808,638 shares of the company’s stock after buying an additional 14,356 shares during the quarter. Envestnet Asset Management Inc. owned about 13.48% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $15,772,000 at the end of the most recent reporting period.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Up 0.3%

Shares of NYSEARCA PQDI traded up $0.06 on Friday, hitting $18.91. The company’s stock had a trading volume of 12,275 shares, compared to its average volume of 8,137. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 12-month low of $18.80 and a 12-month high of $20.07. The stock has a 50 day moving average of $19.18 and a 200-day moving average of $19.32.

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.