Principal Investment Grade Corporate ETF (BATS:IG – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 30,228 shares, a decrease of 41.7% from the August 15th total of 51,852 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 24,550 shares, the days-to-cover ratio is presently 1.2 days.
Principal Investment Grade Corporate ETF Stock Up 0.5%
Shares of BATS:IG opened at $20.05 on Friday. The business’s 50 day moving average is $20.19 and its 200 day moving average is $20.48. Principal Investment Grade Corporate ETF has a 12-month low of $19.88 and a 12-month high of $21.36. The stock has a market cap of $200.50 million, a price-to-earnings ratio of 334.17 and a beta of 0.37.
Hedge Funds Weigh In On Principal Investment Grade Corporate ETF
A number of hedge funds have recently bought and sold shares of the company. AlphaCore Capital LLC bought a new stake in shares of Principal Investment Grade Corporate ETF in the 4th quarter worth $246,000. BTG Pactual Asset Management US LLC bought a new stake in Principal Investment Grade Corporate ETF in the 2nd quarter worth about $802,000. Royal Bank of Canada grew its position in 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 worth $1,570,000 after purchasing an additional 5,881 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Principal Investment Grade Corporate ETF in the 1st quarter valued at about $2,768,000. Finally, Insight Wealth Partners LLC increased its stake in Principal Investment Grade Corporate ETF by 13.3% in the 2nd quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock valued at $5,308,000 after buying an additional 30,221 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.
Principal Investment Grade Corporate 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.
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