Principal Value ETF (NASDAQ:PY) Short Interest Up 64.4% in August

Principal Value ETF (NASDAQ:PY) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 42,408 shares, a growth of 64.4% from the July 30th total of 25,800 shares. Based on an average daily volume of 13,505 shares, the short-interest ratio is currently 3.1 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PY. Raymond James Financial Inc. bought a new stake in Principal Value ETF during the 2nd quarter worth about $117,000. Jane Street Group LLC acquired a new stake in Principal Value ETF in the 2nd quarter valued at about $297,000. Smartleaf Asset Management LLC raised its stake in shares of 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 during the last quarter. Citadel Advisors LLC bought a new position in shares of Principal Value ETF in the third quarter worth about $803,000. Finally, Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 40,742 shares in the last quarter.

Principal Value ETF Stock Down 0.7%

PY traded down $0.39 during trading on Monday, hitting $57.83. The company’s stock had a trading volume of 16,725 shares, compared to its average volume of 20,724. The stock has a market capitalization of $241.15 million, a price-to-earnings ratio of 17.40 and a beta of 0.83. The firm’s 50 day moving average price is $56.11 and its two-hundred day moving average price is $54.12. Principal Value ETF has a 12 month low of $50.08 and a 12 month high of $58.45.

Principal Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.263 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Principal Value ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 1st.

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.