Principal Value ETF (NASDAQ:PY) Short Interest Up 63.1% in March

Principal Value ETF (NASDAQ:PY) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 18,100 shares, a growth of 63.1% from the March 15th total of 11,100 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Principal Value ETF

Several institutional investors have recently added to or reduced their stakes in the stock. NFP Retirement Inc. purchased a new position in Principal Value ETF in the fourth quarter valued at about $255,000. Capital Investment Advisory Services LLC grew its holdings in Principal Value ETF by 156.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock valued at $299,000 after purchasing an additional 3,682 shares during the period. Smartleaf Asset Management LLC increased its position 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 buying an additional 5,439 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, GTS Securities LLC lifted 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 buying an additional 6,704 shares during the last quarter.

Principal Value ETF Stock Up 0.3 %

PY stock traded up $0.12 during trading on Friday, reaching $45.06. The stock had a trading volume of 4,371 shares, compared to its average volume of 16,253. Principal Value ETF has a one year low of $41.96 and a one year high of $52.63. The company’s 50 day moving average is $48.50 and its two-hundred day moving average is $49.84. The company has a market capitalization of $281.63 million, a price-to-earnings ratio of 16.92 and a beta of 1.15.

Principal Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were given a $0.1781 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.71 annualized dividend and a yield of 1.58%.

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.