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

Principal International Equity ETF (BATS:PIEQ) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 12,296 shares, a growth of 478.9% from the April 15th total of 2,124 shares. Based on an average daily trading volume, of 35,430 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Principal International Equity ETF Stock Performance

Shares of BATS PIEQ opened at $35.44 on Friday. The firm has a market capitalization of $937.74 million and a price-to-earnings ratio of 15.46. The stock has a 50 day moving average price of $34.65 and a 200 day moving average price of $33.91. Principal International Equity ETF has a 52-week low of $27.37 and a 52-week high of $36.18.

Institutional Trading of Principal International Equity ETF

A number of large investors have recently modified their holdings of the company. Wealthspire Retirement LLC purchased a new stake in shares of Principal International Equity ETF in the first quarter valued at approximately $244,000. Principal Financial Group Inc. boosted its holdings in shares of Principal International Equity ETF by 0.3% in the first quarter. Principal Financial Group Inc. now owns 31,588,206 shares of the company’s stock valued at $1,053,284,000 after purchasing an additional 106,109 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Principal International Equity ETF by 71.9% in the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock valued at $1,537,000 after purchasing an additional 18,933 shares during the period. Next Level Private LLC boosted its holdings in shares of Principal International Equity ETF by 2.7% in the first quarter. Next Level Private LLC now owns 25,442 shares of the company’s stock valued at $864,000 after purchasing an additional 677 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Principal International Equity ETF by 22.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 54,495 shares of the company’s stock valued at $1,800,000 after purchasing an additional 10,006 shares during the period.

About Principal International Equity ETF

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.