Principal Investment Grade Corporate ETF (BATS:IG – Get Free Report) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 1,563 shares, a decrease of 96.3% from the October 15th total of 42,572 shares. Based on an average daily trading volume, of 65,190 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
Principal Investment Grade Corporate ETF Stock Down 0.2%
Shares of BATS:IG traded down $0.03 during trading on Tuesday, reaching $19.82. 51,943 shares of the company traded hands, compared to its average volume of 43,689. The firm has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $20.41. The firm has a market cap of $205.14 million, a P/E ratio of 330.33 and a beta of 0.39. Principal Investment Grade Corporate ETF has a 1-year low of $19.35 and a 1-year high of $21.20.
Institutional Trading of Principal Investment Grade Corporate ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Principal Investment Grade Corporate ETF by 33.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,322,167 shares of the company’s stock valued at $130,648,000 after purchasing an additional 1,573,300 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in Principal Investment Grade Corporate ETF in the first quarter worth $10,511,000. Western Wealth Management LLC acquired a new position in Principal Investment Grade Corporate ETF during the first quarter worth $2,768,000. BTG Pactual Asset Management US LLC acquired a new position in Principal Investment Grade Corporate ETF during the second quarter worth $802,000. Finally, Insight Wealth Partners LLC increased its position in Principal Investment Grade Corporate ETF by 13.3% during the second quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock worth $5,308,000 after buying an additional 30,221 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
About Principal Investment Grade Corporate 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.
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