Principal International Equity ETF (BATS:PIEQ) Sees Significant Drop in Short Interest

Principal International Equity ETF (BATS:PIEQ) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 3,301 shares, a decrease of 73.9% from the September 30th total of 12,665 shares. Based on an average daily volume of 58,117 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthspire Retirement LLC bought a new position in Principal International Equity ETF during the first quarter worth about $244,000. Private Advisor Group LLC increased its holdings in shares of Principal International Equity ETF by 71.9% in the first quarter. Private Advisor Group LLC now owns 45,249 shares of the company’s stock worth $1,537,000 after acquiring an additional 18,933 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Principal International Equity ETF by 182.7% in the second quarter. Envestnet Asset Management Inc. now owns 10,553,734 shares of the company’s stock worth $378,774,000 after acquiring an additional 6,820,652 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Principal International Equity ETF by 0.3% in the first quarter. Principal Financial Group Inc. now owns 31,588,206 shares of the company’s stock worth $1,053,284,000 after acquiring an additional 106,109 shares in the last quarter.

Principal International Equity ETF Stock Down 0.3%

Principal International Equity ETF stock opened at $35.94 on Friday. The business’s 50-day simple moving average is $36.33 and its 200 day simple moving average is $35.52. The stock has a market cap of $950.97 million and a price-to-earnings ratio of 15.46. Principal International Equity ETF has a 12-month low of $31.22 and a 12-month high of $37.58.

About Principal International Equity ETF

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.