Principal Focused Blue Chip ETF (BATS:BCHP) Shares Shorted: Short Interest Up 166.5% in October

Principal Focused Blue Chip ETF (BATS:BCHP) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,452 shares, an increase of 166.5% from the October 15th total of 2,046 shares. Based on an average trading volume of 24,503 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Principal Focused Blue Chip ETF stock. Commonwealth Equity Services LLC acquired a new stake in shares of Principal Focused Blue Chip ETF (BATS:BCHP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,739 shares of the company’s stock, valued at approximately $890,000. Commonwealth Equity Services LLC owned about 0.65% of Principal Focused Blue Chip ETF at the end of the most recent quarter.

Principal Focused Blue Chip ETF Price Performance

BATS:BCHP opened at $37.52 on Friday. Principal Focused Blue Chip ETF has a one year low of $31.55 and a one year high of $40.00. The company’s 50-day simple moving average is $37.71 and its 200 day simple moving average is $36.66. The firm has a market capitalization of $225.87 million, a P/E ratio of 27.91 and a beta of 1.05.

About Principal Focused Blue Chip ETF

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.