Principal International Equity ETF (BATS:PIEQ) Stock Short Interest Declines 63.0%

Principal International Equity ETF (BATS:PIEQ) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,220 shares, a decrease of 63.0% from the October 15th total of 3,301 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 36,123 shares, the days-to-cover ratio is currently 0.0 days.

Principal International Equity ETF Stock Performance

Shares of BATS PIEQ traded down $0.02 during midday trading on Friday, reaching $35.87. The stock had a trading volume of 26,031 shares, compared to its average volume of 91,459. The stock has a 50-day moving average of $36.02 and a 200-day moving average of $35.61. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.90 and a beta of 0.47. Principal International Equity ETF has a 12-month low of $31.22 and a 12-month high of $37.58.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealthspire Retirement LLC bought a new position in shares of Principal International Equity ETF in the first quarter worth about $244,000. Commonwealth Equity Services LLC purchased a new stake in shares of Principal International Equity ETF during the third quarter worth about $414,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Principal International Equity ETF by 182.7% during the second quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock worth $378,774,000 after purchasing an additional 6,820,652 shares in the last quarter.

Principal International Equity ETF Company Profile

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.