Principal Focused Blue Chip ETF (BATS:BCHP) Short Interest Update

Principal Focused Blue Chip ETF (BATS:BCHP) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 28,885 shares, a growth of 231.3% from the May 14th total of 8,720 shares. Based on an average trading volume of 21,127 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Principal Focused Blue Chip ETF

A number of large investors have recently modified their holdings of BCHP. Principal Securities Inc. boosted its stake in shares of Principal Focused Blue Chip ETF by 14.9% during the 4th quarter. Principal Securities Inc. now owns 3,886,459 shares of the company’s stock valued at $145,664,000 after purchasing an additional 504,431 shares in the last quarter. Next Level Private LLC bought a new stake in shares of Principal Focused Blue Chip ETF during the 4th quarter valued at about $1,064,000. Susquehanna International Group LLP bought a new stake in shares of Principal Focused Blue Chip ETF during the 3rd quarter valued at about $805,000. Citadel Advisors LLC bought a new stake in shares of Principal Focused Blue Chip ETF during the 3rd quarter valued at about $707,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Principal Focused Blue Chip ETF by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 101,289 shares of the company’s stock valued at $3,796,000 after purchasing an additional 3,217 shares in the last quarter.

Principal Focused Blue Chip ETF Trading Down 2.5%

BCHP stock opened at $35.94 on Thursday. The firm’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $36.26. Principal Focused Blue Chip ETF has a 12-month low of $31.55 and a 12-month high of $38.78. The stock has a market capitalization of $132.26 million, a price-to-earnings ratio of 34.56 and a beta of 0.98.

About Principal Focused Blue Chip ETF

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.