Principal Value ETF (NASDAQ:PY – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 26,383 shares, a drop of 37.8% from the August 15th total of 42,408 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 11,959 shares, the short-interest ratio is currently 2.2 days.
Principal Value ETF Trading Down 0.1%
NASDAQ:PY traded down $0.05 during midday trading on Wednesday, hitting $57.39. 36,369 shares of the stock were exchanged, compared to its average volume of 20,206. Principal Value ETF has a one year low of $50.08 and a one year high of $58.50. The company has a market capitalization of $234.13 million, a price-to-earnings ratio of 17.40 and a beta of 0.83. The business has a 50-day moving average price of $56.95 and a two-hundred day moving average price of $54.47.
Institutional Trading of Principal Value ETF
Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Principal Value ETF by 155.0% during the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after acquiring an additional 1,199,677 shares during the period. Integrity Wealth Partners LLC bought a new position in shares of Principal Value ETF during the 1st quarter valued at about $308,000. Principal Securities Inc. boosted its position in shares of Principal Value ETF by 24.0% during the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after purchasing an additional 224,296 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Principal Value ETF by 30,404.5% in the 4th 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 during the last quarter.
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.
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