Short Interest in Principal Healthcare Innovators ETF (NASDAQ:BTEC) Decreases By 10.5%

Principal Healthcare Innovators ETF (NASDAQ:BTEC) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,400 shares, a decrease of 10.5% from the March 31st total of 3,800 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 0.6 days.

Principal Healthcare Innovators ETF Stock Performance

Shares of BTEC traded up $0.80 during trading hours on Monday, reaching $35.10. 3,882 shares of the company traded hands, compared to its average volume of 5,060. The stock’s fifty day moving average is $36.97 and its 200 day moving average is $34.06. Principal Healthcare Innovators ETF has a 1-year low of $25.66 and a 1-year high of $39.75. The stock has a market cap of $37.56 million, a P/E ratio of 16.50 and a beta of 1.01.

Hedge Funds Weigh In On Principal Healthcare Innovators ETF

A hedge fund recently raised its stake in Principal Healthcare Innovators ETF stock. Elevated Capital Advisors LLC raised its holdings in Principal Healthcare Innovators ETF (NASDAQ:BTEC) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,275 shares of the company’s stock after buying an additional 300 shares during the quarter. Elevated Capital Advisors LLC owned 0.61% of Principal Healthcare Innovators ETF worth $301,000 as of its most recent SEC filing.

Principal Healthcare Innovators ETF Company Profile

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.