Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 11,100 shares, an increase of 63.2% from the February 28th total of 6,800 shares. Based on an average daily volume of 46,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the shares of the stock are sold short.

Principal Value ETF Stock Performance

Shares of NASDAQ:PY traded down $0.82 on Friday, reaching $48.44. The company’s stock had a trading volume of 11,190 shares, compared to its average volume of 16,090. The company has a 50-day simple moving average of $50.15 and a 200 day simple moving average of $50.24. The company has a market cap of $80.89 million, a P/E ratio of 18.32 and a beta of 1.15. Principal Value ETF has a 52-week low of $41.96 and a 52-week high of $52.63.

Principal Value ETF Cuts Dividend

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

Institutional Investors Weigh In On Principal Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC boosted 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 purchasing an additional 3,682 shares during the period. LPL Financial LLC boosted its position in shares of Principal Value ETF by 20.6% during 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. NFP Retirement Inc. bought a new position in shares of Principal Value ETF during the fourth quarter valued at approximately $255,000. 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 worth $691,000 after buying an additional 5,439 shares during the period. Finally, GTS Securities LLC lifted 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 acquiring an additional 6,704 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.