Principal International Equity ETF (BATS:PIEQ) Sees Significant Decrease in Short Interest

Principal International Equity ETF (BATS:PIEQ) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 3,301 shares, a decrease of 73.9% from the September 30th total of 12,665 shares. Based on an average daily trading volume, of 58,117 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Principal International Equity ETF Price Performance

BATS PIEQ opened at $35.69 on Wednesday. The firm’s fifty day moving average price is $36.36 and its 200 day moving average price is $35.50. The company has a market capitalization of $944.36 million and a price-to-earnings ratio of 15.46. Principal International Equity ETF has a 12 month low of $31.22 and a 12 month high of $37.58.

Institutional Investors Weigh In On Principal International Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PIEQ. Envestnet Asset Management Inc. boosted its stake in Principal International Equity ETF by 182.7% in the second quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock valued at $378,774,000 after acquiring an additional 6,820,652 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Principal International Equity ETF by 0.3% during the first quarter. Principal Financial Group Inc. now owns 31,588,206 shares of the company’s stock worth $1,053,284,000 after purchasing an additional 106,109 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Principal International Equity ETF by 71.9% during the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock worth $1,537,000 after purchasing an additional 18,933 shares during the last quarter. Finally, Wealthspire Retirement LLC acquired a new stake in shares of Principal International Equity ETF during the first quarter worth about $244,000.

About Principal International Equity ETF

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.