Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Short Interest Down 27.9% in February

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,458 shares, a decrease of 27.9% from the February 12th total of 11,733 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,328 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 25,328 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Principal Investment Grade Corporate Active ETF Trading Down 0.3%

IG traded down $0.06 on Friday, hitting $20.50. The company had a trading volume of 20,212 shares, compared to its average volume of 31,790. The company’s fifty day moving average price is $20.94 and its 200 day moving average price is $20.99. Principal Investment Grade Corporate Active ETF has a 1 year low of $19.75 and a 1 year high of $21.36. The firm has a market cap of $154.78 million, a P/E ratio of 341.67 and a beta of 0.39.

Hedge Funds Weigh In On Principal Investment Grade Corporate Active ETF

Several large investors have recently made changes to their positions in IG. Principal Securities Inc. increased its holdings in Principal Investment Grade Corporate Active ETF by 33.7% in the 4th quarter. Principal Securities Inc. now owns 4,157,920 shares of the company’s stock valued at $86,859,000 after purchasing an additional 1,049,107 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Principal Investment Grade Corporate Active ETF by 23.3% during the third quarter. Envestnet Asset Management Inc. now owns 2,997,001 shares of the company’s stock worth $63,239,000 after purchasing an additional 566,045 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Principal Investment Grade Corporate Active ETF by 10.4% during the third quarter. Raymond James Financial Inc. now owns 863,109 shares of the company’s stock worth $18,212,000 after buying an additional 81,107 shares during the period. Mariner LLC boosted its position in shares of Principal Investment Grade Corporate Active ETF by 109.5% during the fourth quarter. Mariner LLC now owns 107,827 shares of the company’s stock worth $2,253,000 after buying an additional 56,370 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Principal Investment Grade Corporate Active ETF by 626.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 90,137 shares of the company’s stock valued at $1,883,000 after buying an additional 77,736 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.