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

Principal International Equity ETF (BATS:PIEQ) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 24,221 shares, an increase of 97.0% from the April 30th total of 12,296 shares. Based on an average trading volume of 53,954 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Principal International Equity ETF

Several institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in shares of Principal International Equity ETF by 36.9% in the second quarter. Smartleaf Asset Management LLC now owns 36,366 shares of the company’s stock valued at $1,058,000 after buying an additional 9,807 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Principal International Equity ETF by 26.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,867,217 shares of the company’s stock valued at $90,747,000 after buying an additional 592,201 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Principal International Equity ETF by 26.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 64,892 shares of the company’s stock worth $2,054,000 after acquiring an additional 13,569 shares during the period. Citadel Advisors LLC purchased a new stake in Principal International Equity ETF in the 3rd quarter worth about $1,271,000. Finally, Next Level Private LLC purchased a new stake in Principal International Equity ETF in the 4th quarter worth about $816,000.

Principal International Equity ETF Price Performance

Shares of PIEQ opened at $36.03 on Tuesday. Principal International Equity ETF has a one year low of $27.82 and a one year high of $36.18. The company has a market cap of $953.35 million and a PE ratio of 15.46. The stock has a 50-day moving average of $34.87 and a 200-day moving average of $34.20.

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.