Short Interest in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Drops By 61.5%

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,733 shares, a drop of 61.5% from the January 29th total of 30,511 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 37,202 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 37,202 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Principal Investment Grade Corporate Active ETF Stock Down 0.0%

NYSEARCA:IG traded down $0.01 on Friday, hitting $21.10. The stock had a trading volume of 17,754 shares, compared to its average volume of 32,107. Principal Investment Grade Corporate Active ETF has a 52 week low of $19.75 and a 52 week high of $21.36. The business’s fifty day moving average is $20.96 and its 200 day moving average is $20.98. The company has a market cap of $159.31 million, a PE ratio of 351.67 and a beta of 0.39.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF during the third quarter valued at about $27,000. AE Wealth Management LLC acquired a new position in Principal Investment Grade Corporate Active ETF during the 3rd quarter valued at about $82,000. AlphaCore Capital LLC bought a new stake in Principal Investment Grade Corporate Active ETF during the 4th quarter worth approximately $246,000. Citadel Advisors LLC raised its stake in shares of 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 purchasing an additional 9,678 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Principal Investment Grade Corporate Active ETF in the second quarter valued at approximately $575,000. 70.98% of the stock is owned by institutional investors.

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.