Short Interest in Principal International Equity ETF (BATS:PIEQ) Drops By 53.4%

Principal International Equity ETF (BATS:PIEQ) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 17,835 shares, a decline of 53.4% from the June 30th total of 38,276 shares. Based on an average trading volume of 38,986 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Principal International Equity ETF

Several hedge funds have recently added to or reduced their stakes in PIEQ. Principal Financial Group Inc. boosted its holdings in shares of Principal International Equity ETF by 33.1% in the 4th quarter. Principal Financial Group Inc. now owns 31,482,097 shares of the company’s stock worth $1,034,146,000 after purchasing an additional 7,822,100 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Principal International Equity ETF by 18.8% during the 4th quarter. Principal Securities Inc. now owns 3,724,528 shares of the company’s stock valued at $122,760,000 after buying an additional 589,289 shares in the last quarter. Jane Street Group LLC bought a new stake in Principal International Equity ETF in the 4th quarter worth approximately $3,296,000. Citadel Advisors LLC bought a new stake in Principal International Equity ETF in the 3rd quarter worth approximately $1,271,000. Finally, Private Advisor Group LLC lifted its position in Principal International Equity ETF by 71.9% in the 1st quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock worth $1,537,000 after buying an additional 18,933 shares during the last quarter.

Principal International Equity ETF Stock Performance

Shares of BATS:PIEQ opened at $35.87 on Tuesday. The firm has a market capitalization of $949.12 million and a PE ratio of 15.46. Principal International Equity ETF has a 52-week low of $28.61 and a 52-week high of $36.60. The firm has a fifty day moving average of $35.61 and a 200 day moving average of $35.07.

Principal International Equity ETF Company Profile

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.