Principal Value ETF (NASDAQ:PY – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 10,774 shares, a decrease of 39.3% from the September 30th total of 17,750 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 26,486 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Principal Value ETF
Several hedge funds have recently bought and sold shares of the business. Integrity Wealth Partners LLC purchased a new stake in Principal Value ETF in the first quarter worth $308,000. Envestnet Asset Management Inc. lifted its position in shares of Principal Value ETF by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,470,675 shares of the company’s stock worth $79,271,000 after purchasing an additional 201,803 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 1,199,677 shares during the last quarter.
Principal Value ETF Stock Performance
Shares of NASDAQ PY opened at $58.51 on Friday. Principal Value ETF has a fifty-two week low of $50.08 and a fifty-two week high of $59.09. The company has a market cap of $243.99 million, a price-to-earnings ratio of 17.40 and a beta of 0.84. The business’s 50 day moving average price is $57.42 and its 200-day moving average price is $54.71.
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.
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