Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PYGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 10,300 shares, an increase of 243.3% from the December 31st total of 3,000 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Principal Value ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. raised its stake in Principal Value ETF by 2.6% during the third quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock worth $42,379,000 after purchasing an additional 21,608 shares during the period. Principal Financial Group Inc. increased its position in shares of Principal Value ETF by 7.4% in the third quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock worth $15,463,000 after acquiring an additional 21,166 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in shares of Principal Value ETF by 156.1% in the fourth 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.

Principal Value ETF Stock Performance

PY traded up $0.01 on Wednesday, hitting $51.00. 1,679 shares of the company were exchanged, compared to its average volume of 4,386. The business’s fifty day moving average is $50.74 and its 200 day moving average is $49.52. 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 $84.15 million, a P/E ratio of 19.65 and a beta of 1.15.

Principal Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

About Principal Value ETF

(Get Free Report)

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.

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