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

Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) was the target of a significant 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 shares of the company are sold short. Based on an average trading volume of 4,384 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Principal Spectrum Tax-Advantaged Dividend Active ETF

Large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF in the fourth quarter valued at approximately $614,000. Harbor Investment Advisory LLC boosted its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% in the fourth 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 during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 valued at $3,668,000 after acquiring an additional 7,411 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 5.8% in the third 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 during the period. Finally, Principal Securities Inc. boosted its holdings in shares of 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 acquiring an additional 219,061 shares during the period.

Principal Spectrum Tax-Advantaged Dividend Active ETF Stock Performance

Shares of PQDI stock remained flat at $19.48 during trading hours on Friday. The stock had a trading volume of 5,495 shares, compared to its average volume of 5,778. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 1-year low of $18.97 and a 1-year high of $20.07. The stock has a fifty day moving average price of $19.40 and a 200 day moving average price of $19.54.

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.