Principal International Equity ETF (BATS:PIEQ) Shares Shorted: Short Interest Up 101.4% in September

Principal International Equity ETF (BATS:PIEQ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 45,644 shares, an increase of 101.4% from the August 31st total of 22,667 shares. Based on an average daily volume of 26,006 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.2% of the company’s shares are sold short.

Principal International Equity ETF Stock Down 0.0%

PIEQ stock opened at $36.63 on Tuesday. The company has a market cap of $969.23 million and a price-to-earnings ratio of 15.46. The business has a fifty day simple moving average of $36.69 and a 200-day simple moving average of $35.67. Principal International Equity ETF has a 52 week low of $31.18 and a 52 week high of $37.58.

Hedge Funds Weigh In On Principal International Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthspire Retirement LLC purchased a new stake in shares of Principal International Equity ETF during the 1st quarter worth about $244,000. Next Level Private LLC raised its holdings in Principal International Equity ETF by 2.7% in the first quarter. Next Level Private LLC now owns 25,442 shares of the company’s stock valued at $864,000 after buying an additional 677 shares during the period. Private Advisor Group LLC lifted its position in Principal International Equity ETF by 71.9% during the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock valued at $1,537,000 after buying an additional 18,933 shares in the last quarter. Principal Securities Inc. lifted its position in Principal International Equity ETF by 18.8% during the fourth quarter. Principal Securities Inc. now owns 3,724,528 shares of the company’s stock valued at $122,760,000 after buying an additional 589,289 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Principal International Equity ETF by 182.7% during the second quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock worth $378,774,000 after buying an additional 6,820,652 shares during the period.

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.