Principal International Equity ETF (BATS:PIEQ) Sees Large Increase in Short Interest

Principal International Equity ETF (BATS:PIEQ) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 38,276 shares, a growth of 142.2% from the June 15th total of 15,802 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 36,767 shares, the short-interest ratio is presently 1.0 days.

Principal International Equity ETF Price Performance

Shares of BATS PIEQ opened at $35.50 on Thursday. Principal International Equity ETF has a 1 year low of $28.61 and a 1 year high of $36.60. The firm has a 50-day simple moving average of $35.56 and a two-hundred day simple moving average of $34.94. The company has a market cap of $939.33 million and a P/E ratio of 15.46.

Institutional Investors Weigh In On Principal International Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in Principal International Equity ETF by 33.1% in the 4th quarter. Principal Financial Group Inc. now owns 31,482,097 shares of the company’s stock valued at $1,034,146,000 after acquiring an additional 7,822,100 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Principal International Equity ETF by 18.8% during the fourth quarter. Principal Securities Inc. now owns 3,724,528 shares of the company’s stock worth $122,760,000 after purchasing an additional 589,289 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Principal International Equity ETF during the fourth quarter valued at $3,296,000. Citadel Advisors LLC purchased a new stake in shares of Principal International Equity ETF during the third quarter valued at $1,271,000. Finally, Next Level Private LLC purchased a new stake in shares of Principal International Equity ETF during the fourth quarter valued at $816,000.

Principal International Equity ETF Company Profile

The Principal International Equity ETF (PIEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of companies outside the United States. Using proprietary fundamental research, the fund adviser surfaces companies considered underestimated by the market. PIEQ was launched on Nov 5, 2024 and is issued by Principal.