Principal International Equity ETF (BATS:PIEQ) Short Interest Up 142.2% in June

Principal International Equity ETF (BATS:PIEQ) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 38,276 shares, an increase of 142.2% from the June 15th total of 15,802 shares. Based on an average daily volume of 36,767 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are sold short.

Principal International Equity ETF Stock Performance

Shares of PIEQ opened at $35.24 on Tuesday. The stock has a 50-day simple moving average of $35.56 and a 200-day simple moving average of $34.90. The stock has a market capitalization of $932.45 million and a PE ratio of 15.46. Principal International Equity ETF has a 1 year low of $28.61 and a 1 year high of $36.60.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Principal International Equity ETF by 36.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 36,366 shares of the company’s stock worth $1,058,000 after acquiring an additional 9,807 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Principal International Equity ETF in the 3rd quarter valued at $1,271,000. Next Level Private LLC purchased a new stake in shares of Principal International Equity ETF during the 4th quarter worth $816,000. Capital Investment Advisory Services LLC lifted its position in shares of Principal International Equity ETF by 23.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 80,432 shares of the company’s stock worth $2,651,000 after purchasing an additional 15,540 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Principal International Equity ETF by 33.1% during the fourth quarter. Principal Financial Group Inc. now owns 31,482,097 shares of the company’s stock worth $1,034,146,000 after purchasing an additional 7,822,100 shares in the last quarter.

Principal International Equity ETF Company Profile

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.