Principal International Equity ETF (BATS:PIEQ) Sees Significant Decrease in Short Interest

Principal International Equity ETF (BATS:PIEQ) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 3,301 shares, a drop of 73.9% from the September 30th total of 12,665 shares. Based on an average daily trading volume, of 58,117 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Principal International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PIEQ. Wealthspire Retirement LLC purchased a new stake in Principal International Equity ETF during the first quarter worth approximately $244,000. Private Advisor Group LLC boosted its holdings in Principal International Equity ETF by 71.9% in the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock valued at $1,537,000 after purchasing an additional 18,933 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Principal International Equity ETF by 0.3% in the first quarter. Principal Financial Group Inc. now owns 31,588,206 shares of the company’s stock valued at $1,053,284,000 after purchasing an additional 106,109 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Principal International Equity ETF by 182.7% in the second quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock valued at $378,774,000 after purchasing an additional 6,820,652 shares during the last quarter.

Principal International Equity ETF Stock Performance

BATS:PIEQ opened at $35.69 on Wednesday. The stock has a 50-day simple moving average of $36.36 and a 200-day simple moving average of $35.50. The stock has a market cap of $944.36 million and a P/E ratio of 15.46. Principal International Equity ETF has a 1 year low of $31.22 and a 1 year high of $37.58.

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.