Principal International Equity ETF (BATS:PIEQ) Stock Short Interest Jumps 101.4%

Principal International Equity ETF (BATS:PIEQ) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 45,644 shares, a growth of 101.4% from the August 31st total of 22,667 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 26,006 shares, the days-to-cover ratio is currently 1.8 days.

Principal International Equity ETF Price Performance

Shares of PIEQ opened at $36.35 on Wednesday. The stock’s 50-day moving average is $36.70 and its two-hundred day moving average is $35.68. The stock has a market cap of $961.82 million and a PE ratio of 15.46. Principal International Equity ETF has a 12 month low of $31.18 and a 12 month high of $37.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of Principal International Equity ETF by 182.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock valued at $378,774,000 after buying an additional 6,820,652 shares during the last quarter. Wealthspire Retirement LLC acquired a new stake in shares of Principal International Equity ETF in the 1st quarter valued at about $244,000. Principal Financial Group Inc. lifted its position in shares of Principal International Equity ETF by 0.3% during the first quarter. Principal Financial Group Inc. now owns 31,588,206 shares of the company’s stock worth $1,053,284,000 after purchasing an additional 106,109 shares during the last quarter. Private Advisor Group LLC increased its holdings in Principal International Equity ETF by 71.9% in the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock valued at $1,537,000 after buying an additional 18,933 shares during the last quarter. Finally, Next Level Private LLC increased its holdings in Principal International Equity ETF by 2.7% in the first quarter. Next Level Private LLC now owns 25,442 shares of the company’s stock valued at $864,000 after buying an additional 677 shares during the last quarter.

About Principal International Equity ETF

The Principal International Equity ETF (PIEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of companies outside the United States. Using proprietary fundamental research, the fund adviser surfaces companies considered underestimated by the market. PIEQ was launched on Nov 5, 2024 and is issued by Principal.