Principal Focused Blue Chip ETF (BATS:BCHP) Sees Significant Growth in Short Interest

Principal Focused Blue Chip ETF (BATS:BCHP) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 28,885 shares, a growth of 231.3% from the May 14th total of 8,720 shares. Based on an average daily volume of 21,127 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the shares of the company are short sold.

Principal Focused Blue Chip ETF Stock Performance

Shares of BCHP opened at $36.19 on Friday. Principal Focused Blue Chip ETF has a twelve month low of $31.55 and a twelve month high of $38.78. The stock’s 50 day moving average is $36.72 and its two-hundred day moving average is $36.25. The firm has a market capitalization of $133.18 million, a PE ratio of 34.56 and a beta of 0.98.

Institutional Investors Weigh In On Principal Focused Blue Chip ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. lifted its stake in Principal Focused Blue Chip ETF by 14.9% in the 4th quarter. Principal Securities Inc. now owns 3,886,459 shares of the company’s stock valued at $145,664,000 after buying an additional 504,431 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Principal Focused Blue Chip ETF by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 101,289 shares of the company’s stock valued at $3,796,000 after buying an additional 3,217 shares in the last quarter. Next Level Private LLC purchased a new stake in Principal Focused Blue Chip ETF in the 4th quarter valued at approximately $1,064,000. Susquehanna International Group LLP purchased a new stake in Principal Focused Blue Chip ETF in the 3rd quarter valued at approximately $805,000. Finally, Citadel Advisors LLC purchased a new stake in Principal Focused Blue Chip ETF in the 3rd quarter valued at approximately $707,000.

About Principal Focused Blue Chip ETF

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.