Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 2,200 shares, a drop of 62.7% from the September 15th total of 5,900 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Principal Value ETF

An institutional investor recently raised its position in Principal Value ETF stock. Principal Financial Group Inc. lifted its holdings in Principal Value ETF (NASDAQ:PY) by 9.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 260,919 shares of the company’s stock after purchasing an additional 22,568 shares during the period. Principal Financial Group Inc. owned about 19.05% of Principal Value ETF worth $12,230,000 at the end of the most recent quarter.

Principal Value ETF Stock Performance

Shares of Principal Value ETF stock traded up $0.31 on Friday, hitting $50.28. 2,301 shares of the company’s stock were exchanged, compared to its average volume of 5,373. Principal Value ETF has a 1 year low of $36.85 and a 1 year high of $50.33. The company has a 50-day simple moving average of $48.42 and a 200-day simple moving average of $46.75. The stock has a market capitalization of $76.93 million, a PE ratio of 19.65 and a beta of 1.15.

About Principal Value ETF

The Principal Value ETF (PY) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that exhibit higher degrees of shareholder yield. PY was launched on Mar 21, 2016 and is managed by Principal.