Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Short Interest Up 199.2% in March

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 25,310 shares, an increase of 199.2% from the February 26th total of 8,458 shares. Based on an average daily volume of 30,602 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 30,602 shares, the days-to-cover ratio is currently 0.8 days.

Principal Investment Grade Corporate Active ETF Stock Up 0.4%

NYSEARCA:IG traded up $0.08 during trading hours on Wednesday, reaching $20.62. 25,495 shares of the company’s stock were exchanged, compared to its average volume of 30,819. Principal Investment Grade Corporate Active ETF has a 1-year low of $19.75 and a 1-year high of $21.36. The firm has a market capitalization of $155.68 million, a price-to-earnings ratio of 343.67 and a beta of 0.39. The company has a 50-day moving average of $20.90 and a 200 day moving average of $20.98.

Institutional Investors Weigh In On Principal Investment Grade Corporate Active ETF

Several hedge funds have recently made changes to their positions in IG. Royal Bank of Canada raised its stake in Principal Investment Grade Corporate Active ETF by 0.7% during the 4th quarter. Royal Bank of Canada now owns 70,167 shares of the company’s stock valued at $1,466,000 after acquiring an additional 522 shares during the last quarter. Mariner LLC grew its stake in shares of Principal Investment Grade Corporate Active ETF by 109.5% in the 4th quarter. Mariner LLC now owns 107,827 shares of the company’s stock valued at $2,253,000 after purchasing an additional 56,370 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Principal Investment Grade Corporate Active ETF by 33.7% in the 4th quarter. Principal Securities Inc. now owns 4,157,920 shares of the company’s stock valued at $86,859,000 after purchasing an additional 1,049,107 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Principal Investment Grade Corporate Active ETF by 626.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 90,137 shares of the company’s stock valued at $1,883,000 after purchasing an additional 77,736 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF in the fourth quarter valued at approximately $246,000. 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.