Principal Value ETF (NASDAQ:PY) Sees Significant Increase in Short Interest

Principal Value ETF (NASDAQ:PY) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,100 shares, a growth of 54.5% from the January 31st total of 3,300 shares. Based on an average daily trading volume, of 46,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Principal Value ETF

A number of large investors have recently bought and sold shares of the business. NFP Retirement Inc. bought a new position in shares of Principal Value ETF during the fourth quarter worth about $255,000. Capital Investment Advisory Services LLC grew its stake in shares of Principal Value ETF by 156.1% during the 4th 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. Smartleaf Asset Management LLC raised its holdings in shares of Principal Value ETF by 63.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock valued at $691,000 after purchasing an additional 5,439 shares during the last quarter. LPL Financial LLC lifted its position in shares of Principal Value ETF by 20.6% in the fourth quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock worth $1,149,000 after purchasing an additional 3,973 shares in the last quarter. Finally, GTS Securities LLC lifted its position in shares of Principal Value ETF by 30.9% in the fourth quarter. GTS Securities LLC now owns 28,395 shares of the company’s stock worth $1,406,000 after purchasing an additional 6,704 shares in the last quarter.

Principal Value ETF Stock Up 1.3 %

Principal Value ETF stock traded up $0.64 during mid-day trading on Friday, hitting $50.92. 3,632 shares of the company’s stock were exchanged, compared to its average volume of 15,939. Principal Value ETF has a fifty-two week low of $41.96 and a fifty-two week high of $52.63. The firm has a market capitalization of $85.04 million, a P/E ratio of 18.70 and a beta of 1.15. The company’s 50 day simple moving average is $50.46 and its 200-day simple moving average is $50.11.

Principal Value ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given 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.