Short Interest in Principal Value ETF (NASDAQ:PY) Drops By 79.1%

Principal Value ETF (NASDAQ:PY) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,300 shares, a decline of 79.1% from the January 15th total of 15,800 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Principal Value ETF

Several institutional investors have recently bought and sold shares of PY. Principal Securities Inc. raised its stake in shares of Principal Value ETF by 3.6% during the fourth quarter. Principal Securities Inc. now owns 876,530 shares of the company’s stock valued at $43,402,000 after purchasing an additional 30,500 shares during the period. Principal Financial Group Inc. lifted its holdings in Principal Value ETF by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock worth $15,463,000 after buying an additional 21,166 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Principal Value ETF by 63.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock valued at $691,000 after buying an additional 5,439 shares during the last quarter. LPL Financial LLC grew its stake in shares of Principal Value ETF by 20.6% during the fourth quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock valued at $1,149,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in shares of Principal Value ETF by 156.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock worth $299,000 after acquiring an additional 3,682 shares during the last quarter.

Principal Value ETF Price Performance

PY traded down $0.36 during trading on Wednesday, hitting $50.58. The company’s stock had a trading volume of 2,320 shares, compared to its average volume of 6,379. Principal Value ETF has a twelve month low of $41.96 and a twelve month high of $52.63. The stock has a market cap of $84.46 million, a PE ratio of 19.65 and a beta of 1.15. The firm’s 50 day moving average price is $50.46 and its 200-day moving average price is $49.73.

Principal Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

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.