Principal Value ETF (NASDAQ:PY) Short Interest Up 63.2% in December

Principal Value ETF (NASDAQ:PY) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 17,883 shares, an increase of 63.2% from the November 30th total of 10,957 shares. Based on an average daily trading volume, of 10,095 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 10,095 shares, the short-interest ratio is currently 1.8 days.

Principal Value ETF Stock Performance

Shares of PY traded down $0.42 during trading hours on Monday, hitting $52.63. The company had a trading volume of 3,243 shares, compared to its average volume of 32,232. Principal Value ETF has a 52-week low of $42.11 and a 52-week high of $53.45. The firm has a fifty day moving average price of $51.96 and a 200-day moving average price of $51.26. The stock has a market capitalization of $117.36 million, a price-to-earnings ratio of 17.40 and a beta of 0.96.

Institutional Investors Weigh In On Principal Value ETF

A number of hedge funds have recently added to or reduced their stakes in PY. Citadel Advisors LLC purchased a new position in Principal Value ETF in the third quarter worth about $803,000. Envestnet Asset Management Inc. raised its stake in shares of Principal Value ETF by 40.8% in the third quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after acquiring an additional 229,159 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Principal Value ETF by 22.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after acquiring an additional 4,876 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Principal Value ETF during the 2nd quarter worth about $297,000. Finally, Raymond James Financial Inc. purchased a new stake in Principal Value ETF in the 2nd quarter worth about $117,000.

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.