Principal Healthcare Innovators ETF (NASDAQ:BTEC) Sees Large Growth in Short Interest

Principal Healthcare Innovators ETF (NASDAQ:BTEC) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,800 shares, an increase of 11.8% from the March 15th total of 3,400 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Principal Healthcare Innovators ETF

Several institutional investors have recently made changes to their positions in the company. UBS Group AG increased its holdings in Principal Healthcare Innovators ETF by 146.1% in the 3rd quarter. UBS Group AG now owns 1,415 shares of the company’s stock valued at $49,000 after purchasing an additional 840 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Principal Healthcare Innovators ETF in the third quarter worth $216,000. Principal Securities Inc. acquired a new position in shares of Principal Healthcare Innovators ETF in the fourth quarter worth $230,000. Elevated Capital Advisors LLC grew its stake in shares of Principal Healthcare Innovators ETF by 6.0% in the third quarter. Elevated Capital Advisors LLC now owns 7,975 shares of the company’s stock worth $240,000 after acquiring an additional 449 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Principal Healthcare Innovators ETF by 11.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,121 shares of the company’s stock worth $242,000 after acquiring an additional 619 shares in the last quarter.

Principal Healthcare Innovators ETF Stock Down 0.8 %

BTEC traded down $0.27 during trading on Tuesday, reaching $34.80. The company’s stock had a trading volume of 433 shares, compared to its average volume of 4,047. The firm has a fifty day simple moving average of $37.55 and a two-hundred day simple moving average of $33.76. Principal Healthcare Innovators ETF has a 1 year low of $25.66 and a 1 year high of $39.75. The company has a market cap of $40.72 million, a price-to-earnings ratio of 16.50 and a beta of 1.01.

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.