Principal Value ETF (NASDAQ:PY) Sees Large Growth in Short Interest

Principal Value ETF (NASDAQ:PY) was the target of a large growth in short interest in 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 daily volume of 46,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Principal Value ETF Price Performance

Shares of NASDAQ PY traded down $0.22 during midday trading on Tuesday, reaching $48.83. The company’s stock had a trading volume of 3,249 shares, compared to its average volume of 15,856. The firm has a 50 day moving average price of $50.27 and a 200-day moving average price of $50.20. The stock has a market capitalization of $81.55 million, a P/E 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 firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Investors Weigh In On Principal Value ETF

Hedge funds have recently made changes to their positions in the business. GTS Securities LLC increased its stake 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 worth $1,406,000 after purchasing an additional 6,704 shares during the last quarter. NFP Retirement Inc. bought a new position in Principal Value ETF during the fourth quarter valued at $255,000. Envestnet Asset Management Inc. increased its position in Principal Value ETF by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock worth $40,861,000 after buying an additional 20,086 shares during the last quarter. LPL Financial LLC raised its stake 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 valued at $1,149,000 after buying an additional 3,973 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Principal Value ETF by 63.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock valued at $691,000 after buying 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.