Short Interest in Principal Active High Yield ETF (NYSEARCA:YLD) Expands By 303.9%

Principal Active High Yield ETF (NYSEARCA:YLD) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 73,741 shares, a growth of 303.9% from the April 15th total of 18,258 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 141,259 shares, the days-to-cover ratio is currently 0.5 days.

Principal Active High Yield ETF Stock Performance

Shares of YLD stock traded down $0.12 on Friday, hitting $18.89. The stock had a trading volume of 80,132 shares, compared to its average volume of 188,056. The business has a 50 day moving average price of $18.95 and a 200 day moving average price of $19.05. Principal Active High Yield ETF has a one year low of $18.67 and a one year high of $19.48.

Hedge Funds Weigh In On Principal Active High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elevatus Welath Management grew its stake in Principal Active High Yield ETF by 911.4% in the fourth quarter. Elevatus Welath Management now owns 107,017 shares of the company’s stock valued at $2,034,000 after purchasing an additional 96,436 shares during the last quarter. BlueStem Wealth Partners LLC grew its stake in Principal Active High Yield ETF by 16.7% in the third quarter. BlueStem Wealth Partners LLC now owns 267,765 shares of the company’s stock valued at $5,208,000 after purchasing an additional 38,228 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Principal Active High Yield ETF by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 475,448 shares of the company’s stock valued at $9,247,000 after purchasing an additional 37,150 shares during the last quarter. Principal Financial Group Inc. grew its stake in Principal Active High Yield ETF by 3.9% in the third quarter. Principal Financial Group Inc. now owns 2,870,483 shares of the company’s stock valued at $55,568,000 after purchasing an additional 107,944 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in Principal Active High Yield ETF by 6.7% in the third quarter. Ameritas Investment Partners Inc. now owns 826,104 shares of the company’s stock valued at $16,067,000 after purchasing an additional 51,880 shares during the last quarter.

About Principal Active High Yield ETF

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.