Principal Healthcare Innovators ETF (NASDAQ:BTEC) Short Interest Down 5.9% in June

Principal Healthcare Innovators ETF (NASDAQ:BTEC) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,600 shares, a decline of 5.9% from the June 15th total of 1,700 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Principal Healthcare Innovators ETF

An institutional investor recently bought a new position in Principal Healthcare Innovators ETF stock. Principal Securities Inc. purchased a new position in shares of Principal Healthcare Innovators ETF (NASDAQ:BTEC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,332 shares of the company’s stock, valued at approximately $230,000. Principal Securities Inc. owned approximately 0.48% of Principal Healthcare Innovators ETF at the end of the most recent quarter.

Principal Healthcare Innovators ETF Trading Up 2.6 %

Principal Healthcare Innovators ETF stock traded up $1.04 during midday trading on Tuesday, reaching $41.10. 5,977 shares of the stock traded hands, compared to its average volume of 8,313. The firm has a fifty day moving average price of $36.65 and a two-hundred day moving average price of $36.69. Principal Healthcare Innovators ETF has a fifty-two week low of $25.66 and a fifty-two week high of $41.10. The firm has a market cap of $16.85 million, a price-to-earnings ratio of 16.50 and a beta of 1.01.

About Principal Healthcare Innovators ETF

The Principal Healthcare Innovators ETF (BTEC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to hold equities of small- and mid-cap healthcare firms in the US. The fund uses a proprietary, quantitative model to construct the portfolio. BTEC was launched on Aug 19, 2016 and is managed by Principal.