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

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 30,511 shares, an increase of 65.7% from the January 15th total of 18,413 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 25,036 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 25,036 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of Principal Investment Grade Corporate Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in Principal Investment Grade Corporate Active ETF during the third quarter worth about $27,000. AE Wealth Management LLC purchased a new position in shares of Principal Investment Grade Corporate Active ETF during the 3rd quarter worth approximately $82,000. AlphaCore Capital LLC acquired a new stake in shares of Principal Investment Grade Corporate Active ETF in the 4th quarter valued at approximately $246,000. Citadel Advisors LLC boosted its stake in shares of Principal Investment Grade Corporate Active ETF by 55.3% in the third quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after buying an additional 9,678 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Principal Investment Grade Corporate Active ETF during the second quarter worth $575,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Price Performance

Principal Investment Grade Corporate Active ETF stock opened at $21.10 on Monday. The business has a 50 day simple moving average of $20.93 and a 200-day simple moving average of $20.97. Principal Investment Grade Corporate Active ETF has a 12 month low of $19.75 and a 12 month high of $21.36. The stock has a market capitalization of $159.31 million, a PE ratio of 351.67 and a beta of 0.39.

Principal Investment Grade Corporate Active ETF Company Profile

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.