Principal Value ETF (NASDAQ:PY) Short Interest Up 54.5% in February

Principal Value ETF (NASDAQ:PY) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,100 shares, a growth of 54.5% from the January 31st total of 3,300 shares. Based on an average trading volume of 46,100 shares, the short-interest ratio is currently 0.1 days.

Principal Value ETF Stock Performance

NASDAQ PY traded up $0.64 during trading hours on Friday, hitting $50.92. 3,632 shares of the company’s stock were exchanged, compared to its average volume of 15,939. The business’s 50 day moving average is $50.46 and its 200-day moving average is $50.11. Principal Value ETF has a 12-month low of $41.96 and a 12-month high of $52.63. The firm has a market capitalization of $85.04 million, a P/E ratio of 18.70 and a beta of 1.15.

Principal Value ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Investors Weigh In On Principal Value ETF

A number of institutional investors have recently bought and sold shares of the stock. GTS Securities LLC increased its position in shares of Principal Value ETF by 30.9% in the fourth quarter. GTS Securities LLC now owns 28,395 shares of the company’s stock worth $1,406,000 after acquiring an additional 6,704 shares in the last quarter. NFP Retirement Inc. acquired a new stake in Principal Value ETF in the 4th quarter valued at $255,000. Envestnet Asset Management Inc. increased its holdings in Principal Value ETF by 2.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 825,212 shares of the company’s stock valued at $40,861,000 after purchasing an additional 20,086 shares in the last quarter. LPL Financial LLC raised its position in Principal Value ETF by 20.6% in the fourth quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock valued at $1,149,000 after purchasing an additional 3,973 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Principal Value ETF by 63.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock worth $691,000 after purchasing an additional 5,439 shares in the last quarter.

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.