Short Interest in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) Grows By 65.7%

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 30,511 shares, a growth of 65.7% from the January 15th total of 18,413 shares. Based on an average daily trading volume, of 25,036 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,036 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of Principal Investment Grade Corporate Active ETF

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. grew its position in Principal Investment Grade Corporate Active ETF by 33.7% in the fourth quarter. Principal Securities Inc. now owns 4,157,920 shares of the company’s stock worth $86,859,000 after buying an additional 1,049,107 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Principal Investment Grade Corporate Active ETF by 23.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,997,001 shares of the company’s stock worth $63,239,000 after acquiring an additional 566,045 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Principal Investment Grade Corporate Active ETF by 10.4% in the 3rd quarter. Raymond James Financial Inc. now owns 863,109 shares of the company’s stock worth $18,212,000 after acquiring an additional 81,107 shares during the last quarter. Insight Wealth Partners LLC grew its holdings in shares of Principal Investment Grade Corporate Active ETF by 6.4% in the 2nd quarter. Insight Wealth Partners LLC now owns 184,094 shares of the company’s stock worth $3,831,000 after acquiring an additional 11,007 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Principal Investment Grade Corporate Active ETF by 626.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 90,137 shares of the company’s stock worth $1,883,000 after purchasing an additional 77,736 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Principal Investment Grade Corporate Active ETF Trading Up 0.2%

Shares of Principal Investment Grade Corporate Active ETF stock opened at $21.10 on Friday. The company’s 50-day moving average price is $20.93 and its two-hundred day moving average price is $20.96. Principal Investment Grade Corporate Active ETF has a 52 week low of $19.75 and a 52 week high of $21.36. The stock has a market cap of $159.31 million, a PE ratio of 351.67 and a beta of 0.39.

About Principal Investment Grade Corporate Active ETF

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.