Principal Investment Grade Corporate ETF (BATS:IG) Short Interest Update

Principal Investment Grade Corporate ETF (BATS:IG) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 30,228 shares, a decline of 41.7% from the August 15th total of 51,852 shares. Based on an average daily volume of 24,550 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the shares of the stock are short sold.

Principal Investment Grade Corporate ETF Price Performance

Principal Investment Grade Corporate ETF stock opened at $19.93 on Wednesday. Principal Investment Grade Corporate ETF has a 12-month low of $19.88 and a 12-month high of $21.36. The stock has a market capitalization of $199.30 million, a P/E ratio of 332.17 and a beta of 0.37. The firm’s 50-day moving average is $20.21 and its two-hundred day moving average is $20.50.

Institutional Trading of Principal Investment Grade Corporate ETF

A number of hedge funds have recently bought and sold shares of the company. Principal Securities Inc. grew its stake in shares of Principal Investment Grade Corporate ETF by 33.7% during the 4th quarter. Principal Securities Inc. now owns 4,157,920 shares of the company’s stock valued at $86,859,000 after buying an additional 1,049,107 shares during the period. Spartan Wealth Advisory Services LLC purchased a new position in shares of Principal Investment Grade Corporate ETF in the 1st quarter worth $10,511,000. Western Wealth Management LLC purchased a new position in shares of Principal Investment Grade Corporate ETF in the 1st quarter worth $2,768,000. BTG Pactual Asset Management US LLC acquired a new position in Principal Investment Grade Corporate ETF in the second quarter valued at $802,000. Finally, Insight Wealth Partners LLC boosted its holdings in Principal Investment Grade Corporate ETF by 13.3% in the second quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock valued at $5,308,000 after acquiring an additional 30,221 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

About Principal Investment Grade Corporate ETF

The Principal Investment Grade Corporate Active ETF (IG) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is an actively managed fund that provides current income by selecting investment-grade, USD-denominated bonds of any maturity. IG was launched on Apr 18, 2018 and is managed by Principal.