Short Interest in Principal Value ETF (NASDAQ:PY) Declines By 56.8%

Principal Value ETF (NASDAQ:PY) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 7,719 shares, a decline of 56.8% from the December 15th total of 17,883 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,458 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 9,458 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Principal Value ETF

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Principal Value ETF by 22.4% in the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after acquiring an additional 4,876 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Principal Value ETF in the 3rd quarter worth about $803,000. Jane Street Group LLC bought a new position in shares of Principal Value ETF during the 2nd quarter valued at about $297,000. Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF during the 2nd quarter valued at about $117,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Principal Value ETF by 40.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after buying an additional 229,159 shares in the last quarter.

Principal Value ETF Stock Performance

Principal Value ETF stock traded up $0.04 during midday trading on Thursday, hitting $52.84. 11,304 shares of the company’s stock were exchanged, compared to its average volume of 9,440. The company has a market cap of $127.34 million, a P/E ratio of 17.40 and a beta of 0.96. The stock has a 50-day moving average price of $52.18 and a two-hundred day moving average price of $51.58. Principal Value ETF has a 52-week low of $42.11 and a 52-week high of $53.45.

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.