Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,665 shares, a decline of 86.9% from the September 15th total of 20,297 shares. Based on an average daily trading volume, of 12,465 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance
PQDI traded up $0.01 during midday trading on Friday, hitting $18.61. 77,514 shares of the company traded hands, compared to its average volume of 9,703. The company’s 50-day moving average is $19.05 and its 200 day moving average is $19.27. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52 week low of $18.48 and a 52 week high of $20.07.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF stock. Principal Securities Inc. boosted its stake in 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 13F filing with the Securities and Exchange Commission. The firm owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the period. Principal Securities Inc. owned approximately 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent quarter.
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.
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