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

Principal International Equity ETF (BATS:PIEQ) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 38,276 shares, an increase of 142.2% from the June 15th total of 15,802 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 36,767 shares, the short-interest ratio is currently 1.0 days.

Principal International Equity ETF Price Performance

Principal International Equity ETF stock opened at $35.63 on Wednesday. The stock has a market capitalization of $942.77 million and a price-to-earnings ratio of 15.46. Principal International Equity ETF has a 1-year low of $28.61 and a 1-year high of $36.60. The business has a fifty day moving average price of $35.57 and a 200-day moving average price of $34.92.

Institutional Investors Weigh In On Principal International Equity ETF

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Principal International Equity ETF by 33.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,482,097 shares of the company’s stock worth $1,034,146,000 after buying an additional 7,822,100 shares during the last quarter. Principal Securities Inc. lifted its position in Principal International Equity ETF by 18.8% during the 4th quarter. Principal Securities Inc. now owns 3,724,528 shares of the company’s stock worth $122,760,000 after acquiring an additional 589,289 shares during the period. Jane Street Group LLC purchased a new stake in Principal International Equity ETF during the 4th quarter valued at about $3,296,000. Citadel Advisors LLC acquired a new position in shares of Principal International Equity ETF in the third quarter valued at about $1,271,000. Finally, Next Level Private LLC acquired a new position in shares of Principal International Equity ETF in the fourth quarter valued at about $816,000.

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.