North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) Sees Large Decrease in Short Interest

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (NYSEARCA:QTPI) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 42,031 shares, a decline of 40.0% from the December 31st total of 70,103 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 59,030 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 59,030 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.5% of the company’s shares are short sold.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Price Performance

Shares of QTPI opened at $25.72 on Friday. North Square RCIM Tax-Advantaged Preferred and Income Securities ETF has a 1 year low of $24.07 and a 1 year high of $26.30. The company’s 50 day simple moving average is $25.71 and its 200 day simple moving average is $25.63.

Hedge Funds Weigh In On North Square RCIM Tax-Advantaged Preferred and Income Securities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF during the third quarter worth about $311,000. Jane Street Group LLC bought a new position in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF during the first quarter worth $345,000. West Michigan Advisors LLC boosted its stake in North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 40.5% in the fourth quarter. West Michigan Advisors LLC now owns 30,265 shares of the company’s stock valued at $778,000 after acquiring an additional 8,722 shares during the period. Merit Financial Group LLC bought a new position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF during the fourth quarter worth about $1,284,000. Finally, Red Cedar Investment Management LLC grew its position in shares of North Square RCIM Tax-Advantaged Preferred and Income Securities ETF by 63.6% during the third quarter. Red Cedar Investment Management LLC now owns 327,100 shares of the company’s stock worth $8,372,000 after acquiring an additional 127,100 shares during the last quarter.

North Square RCIM Tax-Advantaged Preferred and Income Securities ETF Company Profile

The North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide high current income and long-term capital appreciation with a focus on tax-advantaged qualified dividend income. The portfolio holds preferred securities, REITs, and other income focused securities. QTPI was launched on Dec 19, 2024 and is issued by North Square.