Short Interest in Principal Value ETF (NASDAQ:PY) Expands By 33.3%

Principal Value ETF (NASDAQ:PY) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,800 shares, a growth of 33.3% from the February 13th total of 5,100 shares. Based on an average trading volume of 46,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Principal Value ETF Price Performance

Shares of PY stock traded up $0.55 during trading hours on Monday, reaching $49.15. The company had a trading volume of 5,069 shares, compared to its average volume of 58,170. The business has a fifty day simple moving average of $50.28 and a 200-day simple moving average of $50.20. The company has a market cap of $82.08 million, a price-to-earnings ratio of 18.22 and a beta of 1.15. Principal Value ETF has a 12 month low of $41.96 and a 12 month high of $52.63.

Principal Value ETF Cuts Dividend

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

Hedge Funds Weigh In On Principal Value ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. GTS Securities LLC increased its position in shares of Principal Value ETF by 30.9% during the 4th quarter. GTS Securities LLC now owns 28,395 shares of the company’s stock valued at $1,406,000 after purchasing an additional 6,704 shares during the last quarter. NFP Retirement Inc. bought a new stake in shares of Principal Value ETF in the 4th quarter worth approximately $255,000. Envestnet Asset Management Inc. boosted its stake in shares of Principal Value ETF by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock valued at $40,861,000 after purchasing an additional 20,086 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Principal Value ETF by 20.6% during the 4th quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock valued at $1,149,000 after purchasing an additional 3,973 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Principal Value ETF by 63.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock worth $691,000 after purchasing an additional 5,439 shares during the last quarter.

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.