Principal Focused Blue Chip ETF (BATS:BCHP) Shares Shorted: Short Interest Up 166.5% in October

Principal Focused Blue Chip ETF (BATS:BCHP – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 5,452 shares, a growth of 166.5% from the October 15th total of 2,046 shares. Based on an average daily trading volume, of 24,503 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Principal Focused Blue Chip ETF

A hedge fund recently bought a new stake in Principal Focused Blue Chip ETF stock. Commonwealth Equity Services LLC purchased a new stake in Principal Focused Blue Chip ETF (BATS:BCHP – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,739 shares of the company’s stock, valued at approximately $890,000. Commonwealth Equity Services LLC owned approximately 0.65% of Principal Focused Blue Chip ETF as of its most recent SEC filing.

Principal Focused Blue Chip ETF Stock Performance

BATS:BCHP opened at $37.52 on Friday. The firm has a market capitalization of $225.87 million, a price-to-earnings ratio of 27.91 and a beta of 1.05. Principal Focused Blue Chip ETF has a 52-week low of $31.55 and a 52-week high of $40.00. The stock has a fifty day moving average of $37.71 and a 200 day moving average of $36.66.

About Principal Focused Blue Chip ETF

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The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.

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