Principal Value ETF (NASDAQ:PY) Short Interest Down 51.8% in February

Principal Value ETF (NASDAQ:PY) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 8,286 shares, a drop of 51.8% from the January 29th total of 17,181 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 15,972 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 15,972 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Principal Value ETF

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in Principal Value ETF during the 4th quarter valued at about $555,000. Smartleaf Asset Management LLC increased its stake in shares of Principal Value ETF by 2.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock valued at $1,093,000 after purchasing an additional 473 shares during the period. Principal Securities Inc. raised its holdings in shares of Principal Value ETF by 24.0% during the fourth quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after buying an additional 224,296 shares during the last quarter. LPL Financial LLC boosted its position in shares of Principal Value ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock worth $1,381,000 after buying an additional 863 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Principal Value ETF by 30,404.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock worth $2,133,000 after buying an additional 40,742 shares during the period.

Principal Value ETF Trading Down 0.1%

PY traded down $0.07 during trading on Friday, reaching $53.71. 15,240 shares of the company were exchanged, compared to its average volume of 40,016. The stock has a market cap of $189.60 million, a P/E ratio of 17.40 and a beta of 0.96. The firm has a 50 day moving average of $52.94 and a 200 day moving average of $52.22. Principal Value ETF has a 52 week low of $42.11 and a 52 week high of $53.96.

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.