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

Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 30,511 shares, an increase of 65.7% from the January 15th total of 18,413 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 25,036 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 25,036 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

Principal Investment Grade Corporate Active ETF Trading Up 0.2%

IG stock opened at $21.10 on Friday. Principal Investment Grade Corporate Active ETF has a one year low of $19.75 and a one year high of $21.36. The firm has a 50-day moving average of $20.93 and a two-hundred day moving average of $20.96. The firm has a market capitalization of $159.31 million, a PE ratio of 351.67 and a beta of 0.39.

Hedge Funds Weigh In On Principal Investment Grade Corporate Active ETF

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

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.