Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) Short Interest Down 66.5% in May

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,798 shares, a decrease of 66.5% from the April 30th total of 5,368 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,384 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Principal Spectrum Tax-Advantaged Dividend Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of PQDI. Jane Street Group LLC acquired a new stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF in the 4th quarter valued at about $614,000. Harbor Investment Advisory LLC grew 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 valued at $616,000 after acquiring an additional 1,447 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock valued at $3,668,000 after acquiring an additional 7,411 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 5.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 517,934 shares of the company’s stock valued at $10,175,000 after acquiring an additional 28,495 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 42.5% in the 4th quarter. Principal Securities Inc. now owns 734,899 shares of the company’s stock valued at $14,386,000 after acquiring an additional 219,061 shares in the last quarter.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

Principal Spectrum Tax-Advantaged Dividend Active ETF stock traded down $0.08 during mid-day trading on Monday, hitting $19.40. 6,276 shares of the company’s stock were exchanged, compared to its average volume of 5,767. The company’s 50 day simple moving average is $19.40 and its 200-day simple moving average is $19.54. Principal Spectrum Tax-Advantaged Dividend Active ETF has a fifty-two week low of $18.97 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.