Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Short Interest Down 27.9% in February

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,458 shares, a decrease of 27.9% from the February 12th total of 11,733 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 25,328 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 25,328 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Principal Investment Grade Corporate Active ETF in the 3rd quarter worth about $27,000. AE Wealth Management LLC acquired a new stake in shares of Principal Investment Grade Corporate Active ETF during the 3rd quarter valued at about $82,000. AlphaCore Capital LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF in the 4th quarter valued at approximately $246,000. Citadel Advisors LLC grew its stake in shares of Principal Investment Grade Corporate Active ETF by 55.3% in the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after buying an additional 9,678 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF in the 2nd quarter valued at approximately $575,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Stock Up 0.6%

Shares of NYSEARCA:IG traded up $0.12 during trading on Monday, reaching $20.62. 29,427 shares of the company traded hands, compared to its average volume of 31,743. The firm has a fifty day simple moving average of $20.94 and a 200 day simple moving average of $20.99. Principal Investment Grade Corporate Active ETF has a 1-year low of $19.75 and a 1-year high of $21.36. The firm has a market cap of $155.68 million, a P/E ratio of 343.67 and a beta of 0.39.

Principal Investment Grade Corporate Active 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.