Short Interest in Principal Value ETF (NASDAQ:PY) Grows By 59.3%

Principal Value ETF (NASDAQ:PY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 26,600 shares, anincreaseof59.3% from the July 15th total of 16,700 shares. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.6 days. Currently,0.6% of the shares of the company are sold short. Currently,0.6% of the shares of the company are sold short. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Principal Value ETF

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Principal Value ETF in the 2nd quarter valued at $117,000. NFP Retirement Inc. raised its holdings in Principal Value ETF by 4.2% during the first quarter. NFP Retirement Inc. now owns 5,360 shares of the company’s stock worth $263,000 after purchasing an additional 214 shares during the last quarter. Jane Street Group LLC acquired a new stake in Principal Value ETF in the 2nd quarter valued at about $297,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Principal Value ETF by 6.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,144 shares of the company’s stock worth $596,000 after purchasing an additional 745 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Principal Value ETF by 55.8% in the first quarter. Smartleaf Asset Management LLC now owns 21,764 shares of the company’s stock valued at $1,056,000 after acquiring an additional 7,797 shares in the last quarter.

Principal Value ETF Stock Performance

Principal Value ETF stock opened at $51.11 on Monday. The stock has a market capitalization of $233.55 million, a P/E ratio of 17.40 and a beta of 1.15. The company’s fifty day moving average price is $49.82 and its 200 day moving average price is $48.76. Principal Value ETF has a 1 year low of $42.11 and a 1 year high of $52.63.

Principal Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st were given a dividend of $0.344 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from Principal Value ETF’s previous quarterly dividend of $0.18.

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.