Short Interest in Principal Value ETF (NASDAQ:PY) Increases By 33.3%

Principal Value ETF (NASDAQ:PY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,800 shares, an increase of 33.3% from the February 13th total of 5,100 shares. Based on an average daily volume of 46,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Principal Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PY. Capital Investment Advisory Services LLC boosted its position in Principal Value ETF by 156.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock valued at $299,000 after acquiring an additional 3,682 shares during the last quarter. LPL Financial LLC boosted its position in shares of Principal Value ETF by 20.6% during the 4th quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock worth $1,149,000 after purchasing an additional 3,973 shares in the last quarter. NFP Retirement Inc. bought a new position in shares of Principal Value ETF during the 4th quarter worth about $255,000. Smartleaf Asset Management LLC boosted its position in shares of Principal Value ETF by 63.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock worth $691,000 after purchasing an additional 5,439 shares in the last quarter. Finally, GTS Securities LLC boosted 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 worth $1,406,000 after purchasing an additional 6,704 shares in the last quarter.

Principal Value ETF Stock Up 2.1 %

Shares of NASDAQ:PY traded up $0.99 during trading on Friday, hitting $48.60. 5,076 shares of the company were exchanged, compared to its average volume of 15,950. The business’s 50 day moving average is $50.28 and its 200-day moving average is $50.18. The company has a market capitalization of $81.16 million, a P/E ratio of 18.22 and a beta of 1.15. Principal Value ETF has a 1-year low of $41.96 and a 1-year high of $52.63.

Principal Value ETF Cuts Dividend

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

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.