Short Interest in Principal Value ETF (NASDAQ:PY) Decreases By 56.8%

Principal Value ETF (NASDAQ:PY) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 7,719 shares, a drop of 56.8% from the December 15th total of 17,883 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 9,458 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 9,458 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PY. Envestnet Asset Management Inc. increased its position in shares of Principal Value ETF by 40.8% during the third quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after buying an additional 229,159 shares during the period. Citadel Advisors LLC bought a new stake in Principal Value ETF during the 3rd quarter worth approximately $803,000. Jane Street Group LLC purchased a new stake in Principal Value ETF in the 2nd quarter worth approximately $297,000. Smartleaf Asset Management LLC boosted its holdings in Principal Value ETF by 22.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock valued at $1,313,000 after purchasing an additional 4,876 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF during the 2nd quarter valued at $117,000.

Principal Value ETF Stock Up 0.3%

PY traded up $0.15 on Wednesday, hitting $52.80. The company’s stock had a trading volume of 7,574 shares, compared to its average volume of 9,242. Principal Value ETF has a 12 month low of $42.11 and a 12 month high of $53.45. The firm has a market cap of $127.25 million, a P/E ratio of 17.40 and a beta of 0.96. The company’s 50 day simple moving average is $52.18 and its 200-day simple moving average is $51.58.

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.