Principal Active High Yield ETF (NYSEARCA:YLD) Stock Short Interest Report for October

Principal Active High Yield ETF (NYSEARCA:YLD) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 22,409 shares, a drop of 55.8% from the September 30th total of 50,729 shares. Based on an average trading volume of 339,804 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Principal Active High Yield ETF Price Performance

Shares of NYSEARCA YLD traded down $0.03 during midday trading on Friday, reaching $18.39. 296,484 shares of the company traded hands, compared to its average volume of 202,308. The stock has a 50-day moving average price of $18.58 and a 200 day moving average price of $18.90. Principal Active High Yield ETF has a 52 week low of $18.11 and a 52 week high of $19.27.

Institutional Investors Weigh In On Principal Active High Yield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Principal Active High Yield ETF by 50.1% in the second quarter. Envestnet Asset Management Inc. now owns 4,334,582 shares of the company’s stock valued at $82,704,000 after buying an additional 1,446,360 shares during the period. Principal Financial Group Inc. grew its holdings in Principal Active High Yield ETF by 4.4% during the first quarter. Principal Financial Group Inc. now owns 3,125,570 shares of the company’s stock worth $58,919,000 after acquiring an additional 132,490 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in Principal Active High Yield ETF by 6.4% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,183,372 shares of the company’s stock worth $21,833,000 after acquiring an additional 70,815 shares during the period. Ameritas Advisory Services LLC raised its position in Principal Active High Yield ETF by 60.3% in the second quarter. Ameritas Advisory Services LLC now owns 104,007 shares of the company’s stock worth $1,984,000 after acquiring an additional 39,129 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Principal Active High Yield ETF in the first quarter worth about $530,000.

About Principal Active High Yield ETF

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs. YLD was launched on Jul 9, 2015 and is managed by Principal.