Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Sees Large Increase in Short Interest

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 79,289 shares, a growth of 224.4% from the December 15th total of 24,442 shares. Based on an average daily volume of 27,123 shares, the short-interest ratio is presently 2.9 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 27,123 shares, the short-interest ratio is presently 2.9 days.

Principal Investment Grade Corporate Active ETF Trading Down 0.0%

Principal Investment Grade Corporate Active ETF stock traded down $0.00 during midday trading on Tuesday, hitting $20.95. The stock had a trading volume of 18,227 shares, compared to its average volume of 13,364. The stock has a market cap of $150.83 million, a P/E ratio of 348.83 and a beta of 0.39. Principal Investment Grade Corporate Active ETF has a 12 month low of $19.75 and a 12 month high of $21.36. The business has a fifty day moving average price of $20.95 and a 200 day moving average price of $20.92.

Institutional Investors Weigh In On Principal Investment Grade Corporate Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Principal Investment Grade Corporate Active ETF during the third quarter worth $27,000. Royal Bank of Canada boosted its holdings in shares of 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 period. AE Wealth Management LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF during the 3rd quarter valued at about $82,000. Raymond James Financial Inc. raised its stake in Principal Investment Grade Corporate Active ETF by 0.8% during the second quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock worth $16,273,000 after acquiring an additional 6,366 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in Principal Investment Grade Corporate Active ETF by 55.3% in the third quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock worth $573,000 after acquiring an additional 9,678 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Principal Investment Grade Corporate Active ETF Company Profile

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.