Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) was the recipient of a significant 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 short-interest ratio is currently 0.1 days.

Principal Value ETF Stock Down 1.6 %

NASDAQ:PY traded down $0.80 during trading hours on Tuesday, reaching $49.39. 6,751 shares of the stock were exchanged, compared to its average volume of 15,858. The firm has a 50 day simple moving average of $50.47 and a 200-day simple moving average of $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 capitalization of $82.48 million, a P/E 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 issued a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Trading of Principal Value ETF

Hedge funds have recently made changes to their positions in the stock. GTS Securities LLC increased 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 purchasing an additional 6,704 shares during the period. NFP Retirement Inc. acquired a new stake in Principal Value ETF during the fourth quarter valued at $255,000. Envestnet Asset Management Inc. boosted its position in Principal Value ETF by 2.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock valued at $40,861,000 after purchasing an additional 20,086 shares during the last quarter. LPL Financial LLC raised its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Principal Value ETF by 63.8% during 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.