Principal Investment Grade Corporate ETF (BATS:IG) Stock Short Interest Report for October

Principal Investment Grade Corporate ETF (BATS:IG) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 42,572 shares, a drop of 38.5% from the September 30th total of 69,268 shares. Based on an average daily trading volume, of 56,076 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

Principal Investment Grade Corporate ETF Price Performance

BATS:IG opened at $19.77 on Monday. The company has a market cap of $197.70 million, a price-to-earnings ratio of 329.50 and a beta of 0.37. Principal Investment Grade Corporate ETF has a 52 week low of $19.35 and a 52 week high of $21.24. The company has a fifty day simple moving average of $19.86 and a two-hundred day simple moving average of $20.44.

Institutional Investors Weigh In On Principal Investment Grade Corporate ETF

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in shares of Principal Investment Grade Corporate ETF by 33.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,322,167 shares of the company’s stock worth $130,648,000 after buying an additional 1,573,300 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new position in Principal Investment Grade Corporate ETF in the first quarter worth approximately $10,511,000. Insight Wealth Partners LLC grew its holdings in Principal Investment Grade Corporate ETF by 13.3% during the 2nd quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock worth $5,308,000 after acquiring an additional 30,221 shares in the last quarter. Western Wealth Management LLC acquired a new position in Principal Investment Grade Corporate ETF during the 1st quarter worth approximately $2,768,000. Finally, Royal Bank of Canada increased its position in shares of Principal Investment Grade Corporate ETF by 8.4% in the 1st quarter. Royal Bank of Canada now owns 76,048 shares of the company’s stock valued at $1,570,000 after purchasing an additional 5,881 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.