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

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 21,800 shares, a decline of 27.6% from the September 30th total of 30,100 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Principal Investment Grade Corporate Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Principal Investment Grade Corporate Active ETF during the 3rd quarter worth approximately $27,000. Royal Bank of Canada increased its stake in Principal Investment Grade Corporate Active ETF by 3.8% in the 1st quarter. Royal Bank of Canada now owns 57,374 shares of the company’s stock valued at $1,186,000 after buying an additional 2,089 shares during the last quarter. AE Wealth Management LLC bought a new stake in Principal Investment Grade Corporate Active ETF during the 3rd quarter worth about $82,000. Raymond James Financial Inc. boosted its stake in shares of Principal Investment Grade Corporate Active ETF by 0.8% during the 2nd quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock worth $16,273,000 after buying an additional 6,366 shares during the last quarter. Finally, Insight Wealth Partners LLC increased its position in shares of Principal Investment Grade Corporate Active ETF by 6.4% in the second quarter. Insight Wealth Partners LLC now owns 184,094 shares of the company’s stock valued at $3,831,000 after acquiring an additional 11,007 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Price Performance

Shares of IG traded down $0.16 during midday trading on Monday, hitting $20.87. The stock had a trading volume of 30,709 shares, compared to its average volume of 22,422. The firm has a market cap of $131.48 million, a price-to-earnings ratio of 347.83 and a beta of 0.39. The company has a 50 day simple moving average of $21.06 and a two-hundred day simple moving average of $20.72. Principal Investment Grade Corporate Active ETF has a twelve month low of $19.75 and a twelve month high of $21.36.

Principal Investment Grade Corporate Active ETF Company Profile

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.