Short Interest in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Increases By 199.2%

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 25,310 shares, an increase of 199.2% from the February 26th total of 8,458 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 30,602 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 30,602 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Principal Investment Grade Corporate Active ETF Stock Up 0.4%

Principal Investment Grade Corporate Active ETF stock traded up $0.08 during trading on Wednesday, reaching $20.62. The stock had a trading volume of 25,495 shares, compared to its average volume of 30,819. Principal Investment Grade Corporate Active ETF has a 52-week low of $19.75 and a 52-week high of $21.36. The business has a 50 day moving average price of $20.90 and a 200 day moving average price of $20.98. The stock has a market cap of $155.68 million, a PE ratio of 343.67 and a beta of 0.39.

Institutional Investors Weigh In On Principal Investment Grade Corporate Active ETF

Several institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF during the third quarter worth $27,000. AE Wealth Management LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF during the 3rd quarter worth about $82,000. AlphaCore Capital LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF during the 4th quarter worth about $246,000. Citadel Advisors LLC increased its holdings in shares of Principal Investment Grade Corporate Active ETF by 55.3% in the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after acquiring an additional 9,678 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Principal Investment Grade Corporate Active ETF in the 2nd quarter valued at about $575,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

About Principal Investment Grade Corporate Active ETF

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.