Principal Value ETF (NASDAQ:PY) Short Interest Down 79.1% in January

Principal Value ETF (NASDAQ:PY) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,300 shares, a drop of 79.1% from the January 15th total of 15,800 shares. Based on an average daily volume of 6,500 shares, the short-interest ratio is presently 0.5 days.

Principal Value ETF Trading Down 0.7 %

Principal Value ETF stock traded down $0.36 during midday trading on Wednesday, hitting $50.58. The stock had a trading volume of 2,320 shares, compared to its average volume of 6,379. The business has a fifty day moving average price of $50.46 and a 200 day moving average price of $49.73. Principal Value ETF has a 12 month low of $41.96 and a 12 month high of $52.63. The stock has a market cap of $84.46 million, a P/E ratio of 19.65 and a beta of 1.15.

Principal Value ETF Cuts Dividend

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

Hedge Funds Weigh In On Principal Value ETF

Several large investors have recently added to or reduced their stakes in PY. LPL Financial LLC increased its stake 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 acquiring an additional 3,973 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 5,439 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Principal Value ETF by 6.7% during the 4th quarter. Principal Financial Group Inc. now owns 329,486 shares of the company’s stock valued at $16,315,000 after purchasing an additional 20,802 shares during the period. Principal Securities Inc. raised its stake in shares of Principal Value ETF by 3.6% in the 4th quarter. Principal Securities Inc. now owns 876,530 shares of the company’s stock worth $43,402,000 after buying an additional 30,500 shares in the last quarter. Finally, Capital Investment Advisory Services LLC lifted its holdings 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 valued at $299,000 after buying an additional 3,682 shares during the period.

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.