Short Interest in Principal Focused Blue Chip ETF (BATS:BCHP) Decreases By 42.3%

Principal Focused Blue Chip ETF (BATS:BCHP) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 6,172 shares, a drop of 42.3% from the April 15th total of 10,701 shares. Based on an average daily trading volume, of 22,456 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Principal Focused Blue Chip ETF Stock Down 1.3%

BATS BCHP opened at $37.34 on Friday. Principal Focused Blue Chip ETF has a 52-week low of $31.55 and a 52-week high of $38.78. The business’s 50-day moving average price is $35.15 and its 200 day moving average price is $36.30. The firm has a market cap of $137.41 million, a P/E ratio of 34.56 and a beta of 0.98.

Hedge Funds Weigh In On Principal Focused Blue Chip ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Principal Focused Blue Chip ETF during the fourth quarter worth about $99,000. Simplicity Wealth LLC grew its holdings in shares of Principal Focused Blue Chip ETF by 8.9% during the first quarter. Simplicity Wealth LLC now owns 13,289 shares of the company’s stock worth $435,000 after buying an additional 1,089 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Principal Focused Blue Chip ETF during the third quarter worth about $707,000. Susquehanna International Group LLP purchased a new position in shares of Principal Focused Blue Chip ETF during the third quarter worth about $805,000. Finally, Next Level Private LLC purchased a new position in shares of Principal Focused Blue Chip ETF during the fourth quarter worth about $1,064,000.

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.