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

Principal Investment Grade Corporate ETF (BATS:IGGet 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

(Get Free Report)

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.

Further Reading

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