Principal Value ETF (NASDAQ:PY) Short Interest Up 63.2% in March

Principal Value ETF (NASDAQ:PY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 11,100 shares, a growth of 63.2% from the February 28th total of 6,800 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 46,200 shares, the days-to-cover ratio is presently 0.2 days.

Principal Value ETF Trading Down 1.7 %

NASDAQ PY traded down $0.82 during trading hours on Friday, hitting $48.44. 11,190 shares of the company’s stock were exchanged, compared to its average volume of 16,090. The firm has a market cap of $80.89 million, a price-to-earnings ratio of 18.32 and a beta of 1.15. The stock has a 50-day simple moving average of $50.15 and a 200 day simple moving average of $50.22. 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 announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. grew its stake in Principal Value ETF by 3.6% in the fourth quarter. Principal Securities Inc. now owns 876,530 shares of the company’s stock valued at $43,402,000 after acquiring an additional 30,500 shares during the period. Envestnet Asset Management Inc. increased its stake in Principal Value ETF by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock valued at $40,861,000 after purchasing an additional 20,086 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Principal Value ETF by 6.7% during the fourth quarter. Principal Financial Group Inc. now owns 329,486 shares of the company’s stock worth $16,315,000 after buying an additional 20,802 shares during the last quarter. GTS Securities LLC lifted its stake in shares of Principal Value ETF by 30.9% in the fourth quarter. GTS Securities LLC now owns 28,395 shares of the company’s stock valued at $1,406,000 after buying an additional 6,704 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Principal Value ETF by 20.6% during the fourth quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock valued at $1,149,000 after buying an additional 3,973 shares during the last quarter.

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.