Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,100 shares, a growth of 54.5% from the January 31st total of 3,300 shares. Based on an average daily volume of 46,100 shares, the days-to-cover ratio is currently 0.1 days.

Principal Value ETF Price Performance

Shares of PY stock traded down $0.80 during midday trading on Tuesday, hitting $49.39. The company had a trading volume of 6,751 shares, compared to its average volume of 15,858. The company’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $50.15. Principal Value ETF has a 52-week low of $41.96 and a 52-week high of $52.63. The stock has a market cap of $82.48 million, a price-to-earnings ratio of 18.70 and a beta of 1.15.

Principal Value ETF Cuts Dividend

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

Institutional Trading of Principal Value ETF

A number of institutional investors have recently bought and sold shares of the company. GTS Securities LLC lifted its position in Principal Value ETF by 30.9% during the fourth quarter. GTS Securities LLC now owns 28,395 shares of the company’s stock worth $1,406,000 after buying an additional 6,704 shares during the period. NFP Retirement Inc. acquired a new stake in Principal Value ETF during the fourth quarter worth about $255,000. Envestnet Asset Management Inc. grew its stake in shares of Principal Value ETF by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock valued at $40,861,000 after buying an additional 20,086 shares in the last quarter. LPL Financial LLC grew 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 valued at $691,000 after buying an additional 5,439 shares in the last quarter.

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.