Short Interest in Principal Value ETF (NASDAQ:PY) Grows By 44.4%

Principal Value ETF (NASDAQ:PY) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 17,181 shares, a growth of 44.4% from the January 15th total of 11,898 shares. Based on an average daily volume of 300,489 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 300,489 shares, the days-to-cover ratio is currently 0.1 days.

Principal Value ETF Trading Up 0.6%

Shares of NASDAQ:PY opened at $53.14 on Friday. The company has a market capitalization of $187.58 million, a price-to-earnings ratio of 17.40 and a beta of 0.96. Principal Value ETF has a 12-month low of $42.11 and a 12-month high of $53.96. The business has a 50-day moving average price of $52.79 and a 200 day moving average price of $51.98.

Institutional Investors Weigh In On Principal Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF during the 2nd quarter worth approximately $117,000. NFP Retirement Inc. lifted its stake in Principal Value ETF by 6.0% during the second quarter. NFP Retirement Inc. now owns 5,684 shares of the company’s stock worth $282,000 after purchasing an additional 324 shares in the last quarter. Jane Street Group LLC acquired a new position in Principal Value ETF during the second quarter worth $297,000. Kestra Advisory Services LLC purchased a new position in shares of Principal Value ETF during the fourth quarter worth $555,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Principal Value ETF in the third quarter valued at $803,000.

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.