Principal International Equity ETF (BATS:PIEQ) Short Interest Up 97.0% in May

Principal International Equity ETF (BATS:PIEQ) saw a significant increase in short interest in 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 daily volume of 53,954 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Principal International Equity ETF Price Performance

Shares of BATS PIEQ traded down $0.35 during midday trading on Wednesday, reaching $36.25. 3,980 shares of the company traded hands, compared to its average volume of 127,166. The company has a market cap of $959.18 million and a price-to-earnings ratio of 15.46. The stock has a 50-day moving average price of $34.87 and a 200 day moving average price of $34.20. Principal International Equity ETF has a 52 week low of $27.82 and a 52 week high of $36.60.

Institutional Trading of Principal International Equity ETF

Several institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Principal International Equity ETF by 36.9% during the second quarter. Smartleaf Asset Management LLC now owns 36,366 shares of the company’s stock valued at $1,058,000 after purchasing an additional 9,807 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake 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 period. Capital Investment Advisory Services LLC grew its stake in Principal International Equity ETF by 26.4% in the third quarter. Capital Investment Advisory Services LLC now owns 64,892 shares of the company’s stock valued at $2,054,000 after purchasing an additional 13,569 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Principal International Equity ETF in the 3rd quarter valued at approximately $1,271,000. Finally, Next Level Private LLC bought a new stake in Principal International Equity ETF in the fourth quarter worth approximately $816,000.

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.