Principal Value ETF (NASDAQ:PY) Short Interest Up 243.3% in December

Principal Value ETF (NASDAQ:PY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 10,300 shares, an increase of 243.3% from the December 15th total of 3,000 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Principal Value ETF

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Principal Value ETF by 7.4% in the third quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock worth $15,463,000 after acquiring an additional 21,166 shares during the last quarter. Principal Securities Inc. lifted its holdings in Principal Value ETF by 2.6% in the 3rd quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock valued at $42,379,000 after purchasing an additional 21,608 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Principal Value ETF by 19.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 784,656 shares of the company’s stock worth $36,071,000 after purchasing an additional 128,901 shares during the last quarter.

Principal Value ETF Stock Performance

Shares of Principal Value ETF stock opened at $50.30 on Thursday. The firm has a 50-day simple moving average of $50.77 and a two-hundred day simple moving average of $49.18. Principal Value ETF has a fifty-two week low of $41.96 and a fifty-two week high of $52.63. The company has a market cap of $81.99 million, a P/E ratio of 19.65 and a beta of 1.15.

Principal Value ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

Principal Value ETF Company Profile

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.