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

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 18,413 shares, a drop of 76.8% from the December 31st total of 79,289 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 40,390 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 40,390 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Principal Investment Grade Corporate Active ETF Price Performance

Shares of NYSEARCA:IG remained flat at $20.97 on Wednesday. 29,251 shares of the stock traded hands, compared to its average volume of 33,275. The company has a fifty day moving average of $20.96 and a 200 day moving average of $20.94. Principal Investment Grade Corporate Active ETF has a 52 week low of $19.75 and a 52 week high of $21.36. The company has a market cap of $158.32 million, a P/E ratio of 349.50 and a beta of 0.39.

Institutional Trading of Principal Investment Grade Corporate Active ETF

Several hedge funds have recently modified their holdings of IG. Global Retirement Partners LLC bought a new position in shares of Principal Investment Grade Corporate Active ETF in the third quarter valued at approximately $27,000. AE Wealth Management LLC acquired a new stake in Principal Investment Grade Corporate Active ETF during the 3rd quarter valued at $82,000. Citadel Advisors LLC raised its position in Principal Investment Grade Corporate Active ETF by 55.3% in the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after purchasing an additional 9,678 shares during the last quarter. Jane Street Group LLC bought a new position in Principal Investment Grade Corporate Active ETF in the 2nd quarter valued at $575,000. Finally, Goldman Sachs Group Inc. acquired a new position in Principal Investment Grade Corporate Active ETF in the first quarter worth $828,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

About Principal Investment Grade Corporate Active 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.