Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 17,883 shares, an increase of 63.2% from the November 30th total of 10,957 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 10,095 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 10,095 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.8% of the company’s stock are short sold.

Principal Value ETF Trading Down 0.0%

Principal Value ETF stock traded down $0.02 during trading on Friday, hitting $53.05. 8,273 shares of the company were exchanged, compared to its average volume of 32,350. The company has a market capitalization of $118.30 million, a P/E ratio of 17.40 and a beta of 0.96. The business’s 50 day moving average is $51.94 and its 200 day moving average is $51.22. Principal Value ETF has a 52 week low of $42.11 and a 52 week high of $53.45.

Institutional Inflows and Outflows

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

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.