Principal Investment Grade Corporate ETF (BATS:IG) Stock Short Interest Report for September

Principal Investment Grade Corporate ETF (BATS:IG) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 69,268 shares, an increase of 90.4% from the September 15th total of 36,379 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 67,957 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Principal Investment Grade Corporate ETF

A number of large investors have recently made changes to their positions in IG. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Investment Grade Corporate ETF by 33.1% during the second quarter. Envestnet Asset Management Inc. now owns 6,322,167 shares of the company’s stock worth $130,648,000 after purchasing an additional 1,573,300 shares during the period. Insight Wealth Partners LLC grew its position in Principal Investment Grade Corporate ETF by 13.3% during the second quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock valued at $5,308,000 after purchasing an additional 30,221 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new position in Principal Investment Grade Corporate ETF in the 2nd quarter valued at approximately $802,000. Western Wealth Management LLC acquired a new position in Principal Investment Grade Corporate ETF in the 1st quarter valued at approximately $2,768,000. Finally, Royal Bank of Canada increased its stake in Principal Investment Grade Corporate ETF by 8.4% in the 1st quarter. Royal Bank of Canada now owns 76,048 shares of the company’s stock valued at $1,570,000 after buying an additional 5,881 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Principal Investment Grade Corporate ETF Trading Up 0.1%

IG stock opened at $19.61 on Wednesday. Principal Investment Grade Corporate ETF has a one year low of $19.35 and a one year high of $21.36. The firm has a market capitalization of $196.10 million, a PE ratio of 326.83 and a beta of 0.37. The firm has a 50-day moving average of $19.97 and a two-hundred day moving average of $20.35.

Principal Investment Grade Corporate 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.