Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 10,300 shares, a growth of 243.3% from the December 31st total of 3,000 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 1.8 days.

Principal Value ETF Price Performance

Shares of PY traded up $0.01 during mid-day trading on Wednesday, hitting $51.00. The company’s stock had a trading volume of 1,679 shares, compared to its average volume of 4,386. The firm has a 50-day moving average price of $50.74 and a 200 day moving average price of $49.52. The stock has a market capitalization of $84.15 million, a price-to-earnings ratio of 19.65 and a beta of 1.15. Principal Value ETF has a fifty-two week low of $41.96 and a fifty-two week high of $52.63.

Principal Value ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC increased its position in shares of Principal Value ETF by 156.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock worth $299,000 after acquiring an additional 3,682 shares in the last quarter. Principal Financial Group Inc. increased its position 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 in the last quarter. Finally, Principal Securities Inc. increased its position in shares of Principal Value ETF by 2.6% in the third quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock worth $42,379,000 after acquiring an additional 21,608 shares in the last quarter.

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.