Principal Active High Yield ETF (NYSEARCA:YLD) Sees Large Growth in Short Interest

Principal Active High Yield ETF (NYSEARCA:YLD) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 72,216 shares, a growth of 222.3% from the October 15th total of 22,409 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 221,693 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Principal Active High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Active High Yield ETF by 50.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,334,582 shares of the company’s stock worth $82,704,000 after buying an additional 1,446,360 shares during the period. Principal Financial Group Inc. raised its holdings in Principal Active High Yield ETF by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,125,570 shares of the company’s stock worth $58,919,000 after acquiring an additional 132,490 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in Principal Active High Yield ETF by 6.4% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,183,372 shares of the company’s stock worth $21,833,000 after acquiring an additional 70,815 shares during the period. Balanced Wealth Group LLC raised its holdings in Principal Active High Yield ETF by 4.3% in the 3rd quarter. Balanced Wealth Group LLC now owns 896,989 shares of the company’s stock worth $16,496,000 after acquiring an additional 36,585 shares during the period. Finally, Royal Bank of Canada lifted its position in Principal Active High Yield ETF by 0.4% during the 1st quarter. Royal Bank of Canada now owns 428,934 shares of the company’s stock worth $8,133,000 after acquiring an additional 1,734 shares during the last quarter.

Principal Active High Yield ETF Stock Performance

Shares of Principal Active High Yield ETF stock traded down $0.07 during trading on Thursday, hitting $18.16. The stock had a trading volume of 205,795 shares, compared to its average volume of 211,243. Principal Active High Yield ETF has a 1 year low of $18.11 and a 1 year high of $19.23. The stock has a 50 day simple moving average of $18.47 and a 200 day simple moving average of $18.86.

Principal Active High Yield ETF Company Profile

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs. YLD was launched on Jul 9, 2015 and is managed by Principal.