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

Principal Focused Blue Chip ETF (BATS:BCHP) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 25,237 shares, a decrease of 38.4% from the July 30th total of 40,990 shares. Based on an average daily trading volume, of 29,445 shares, the short-interest ratio is presently 0.9 days. Currently, 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Principal Focused Blue Chip ETF

Several hedge funds have recently modified their holdings of BCHP. Kestra Advisory Services LLC purchased a new position in shares of Principal Focused Blue Chip ETF in the 4th quarter valued at approximately $99,000. Simplicity Wealth LLC grew its position in Principal Focused Blue Chip ETF by 8.9% during the 1st quarter. Simplicity Wealth LLC now owns 13,289 shares of the company’s stock worth $435,000 after purchasing an additional 1,089 shares during the last quarter. Citadel Advisors LLC acquired a new position in Principal Focused Blue Chip ETF during the 3rd quarter valued at approximately $707,000. Susquehanna International Group LLP acquired a new position in Principal Focused Blue Chip ETF during the 3rd quarter valued at approximately $805,000. Finally, Commonwealth Equity Services LLC increased its stake in Principal Focused Blue Chip ETF by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 101,289 shares of the company’s stock valued at $3,796,000 after purchasing an additional 3,217 shares in the last quarter.

Principal Focused Blue Chip ETF Stock Performance

Principal Focused Blue Chip ETF stock opened at $38.57 on Tuesday. The stock has a 50-day moving average of $37.46 and a two-hundred day moving average of $36.28. Principal Focused Blue Chip ETF has a one year low of $31.55 and a one year high of $40.00. The stock has a market cap of $141.94 million, a PE ratio of 34.56 and a beta of 0.98.

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.