Short Interest in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Grows By 546.4%

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 24,442 shares, a growth of 546.4% from the November 30th total of 3,781 shares. Based on an average trading volume of 16,469 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 16,469 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Principal Investment Grade Corporate Active ETF

Several institutional investors and hedge funds have recently modified their holdings of IG. Global Retirement Partners LLC purchased a new position in shares of Principal Investment Grade Corporate Active ETF during the third quarter valued at $27,000. Royal Bank of Canada grew its stake in Principal Investment Grade Corporate Active ETF by 3.8% in the 1st quarter. Royal Bank of Canada now owns 57,374 shares of the company’s stock valued at $1,186,000 after buying an additional 2,089 shares during the last quarter. AE Wealth Management LLC bought a new position in shares of Principal Investment Grade Corporate Active ETF in the third quarter worth about $82,000. Raymond James Financial Inc. increased its position in Principal Investment Grade Corporate Active ETF by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock worth $16,273,000 after buying an additional 6,366 shares during the period. Finally, Citadel Advisors LLC raised its stake in Principal Investment Grade Corporate Active ETF by 55.3% during the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after purchasing an additional 9,678 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Stock Performance

Shares of Principal Investment Grade Corporate Active ETF stock traded up $0.07 during trading hours on Wednesday, hitting $21.01. The company’s stock had a trading volume of 49,794 shares, compared to its average volume of 24,997. Principal Investment Grade Corporate Active ETF has a twelve month low of $19.75 and a twelve month high of $21.36. The firm has a fifty day moving average of $21.01 and a 200-day moving average of $20.88. The stock has a market cap of $132.36 million, a price-to-earnings ratio of 350.17 and a beta of 0.39.

About Principal Investment Grade Corporate Active ETF

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.