Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Sees Significant Decrease in Short Interest

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 18,413 shares, a decrease of 76.8% from the December 31st total of 79,289 shares. Based on an average daily volume of 40,390 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 40,390 shares, the short-interest ratio is presently 0.5 days.

Principal Investment Grade Corporate Active ETF Stock Performance

Shares of IG traded down $0.03 during midday trading on Thursday, hitting $20.94. 24,419 shares of the stock were exchanged, compared to its average volume of 32,806. Principal Investment Grade Corporate Active ETF has a 52-week low of $19.75 and a 52-week high of $21.36. The stock has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $20.94. The firm has a market cap of $158.10 million, a P/E ratio of 349.00 and a beta of 0.39.

Hedge Funds Weigh In On Principal Investment Grade Corporate Active ETF

Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Principal Investment Grade Corporate Active ETF during the third quarter worth about $27,000. AE Wealth Management LLC acquired a new position in shares of Principal Investment Grade Corporate Active ETF in the third quarter valued at approximately $82,000. Citadel Advisors LLC increased its stake in Principal Investment Grade Corporate Active ETF by 55.3% during the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock worth $573,000 after buying an additional 9,678 shares during the period. Jane Street Group LLC acquired a new stake in Principal Investment Grade Corporate Active ETF during the 2nd quarter worth approximately $575,000. Finally, Goldman Sachs Group Inc. purchased a new position in Principal Investment Grade Corporate Active ETF in the 1st quarter valued at approximately $828,000. 70.98% of the stock is 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.