Principal Investment Grade Corporate ETF (BATS:IG) Stock Short Interest Report for September

Principal Investment Grade Corporate ETF (BATS:IG) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 69,268 shares, a growth of 90.4% from the September 15th total of 36,379 shares. Based on an average trading volume of 67,957 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IG. Envestnet Asset Management Inc. raised its stake in shares of Principal Investment Grade Corporate ETF by 33.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,322,167 shares of the company’s stock worth $130,648,000 after purchasing an additional 1,573,300 shares in the last quarter. Insight Wealth Partners LLC lifted its holdings in shares of Principal Investment Grade Corporate ETF by 13.3% during the 2nd quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock valued at $5,308,000 after buying an additional 30,221 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of Principal Investment Grade Corporate ETF during the 2nd quarter valued at about $802,000. Western Wealth Management LLC bought a new stake in shares of Principal Investment Grade Corporate ETF in the 1st quarter valued at approximately $2,768,000. Finally, Royal Bank of Canada grew its stake in shares of Principal Investment Grade Corporate ETF by 8.4% in the 1st quarter. Royal Bank of Canada now owns 76,048 shares of the company’s stock valued at $1,570,000 after buying an additional 5,881 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Principal Investment Grade Corporate ETF Trading Up 0.1%

Shares of BATS:IG opened at $19.61 on Wednesday. Principal Investment Grade Corporate ETF has a 1 year low of $19.35 and a 1 year high of $21.36. The business has a fifty day simple moving average of $19.97 and a 200 day simple moving average of $20.35. The firm has a market cap of $196.10 million, a price-to-earnings ratio of 326.83 and a beta of 0.37.

About Principal Investment Grade Corporate 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.