Principal Focused Blue Chip ETF (BATS:BCHP) Short Interest Update

Principal Focused Blue Chip ETF (BATS:BCHP) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 28,885 shares, an increase of 231.3% from the May 14th total of 8,720 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 21,127 shares, the short-interest ratio is currently 1.4 days.

Principal Focused Blue Chip ETF Stock Performance

Shares of BATS BCHP opened at $35.94 on Thursday. The firm’s 50 day moving average price is $36.59 and its 200-day moving average price is $36.26. The company has a market cap of $132.26 million, a PE ratio of 34.56 and a beta of 0.98. Principal Focused Blue Chip ETF has a 52-week low of $31.55 and a 52-week high of $38.78.

Institutional Trading of Principal Focused Blue Chip ETF

A number of institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC boosted its holdings in shares of Principal Focused Blue Chip ETF by 8.9% during the 1st quarter. Simplicity Wealth LLC now owns 13,289 shares of the company’s stock valued at $435,000 after acquiring an additional 1,089 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Principal Focused Blue Chip ETF during the fourth quarter valued at approximately $99,000. Commonwealth Equity Services LLC raised its holdings in shares of Principal Focused Blue Chip ETF by 3.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 101,289 shares of the company’s stock valued at $3,796,000 after purchasing an additional 3,217 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Principal Focused Blue Chip ETF by 14.9% during the fourth quarter. Principal Securities Inc. now owns 3,886,459 shares of the company’s stock valued at $145,664,000 after purchasing an additional 504,431 shares during the last quarter. Finally, Next Level Private LLC purchased a new position in shares of Principal Focused Blue Chip ETF during the fourth quarter valued at approximately $1,064,000.

About Principal Focused Blue Chip ETF

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.