Principal Value ETF (NASDAQ:PY) Short Interest Update

Principal Value ETF (NASDAQ:PY) was the target 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. Based on an average daily volume of 10,095 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 10,095 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On Principal Value ETF

Several hedge funds have recently added to or reduced their stakes in PY. Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF in the 2nd quarter worth about $117,000. NFP Retirement Inc. lifted its position in Principal Value ETF by 6.0% in the 2nd quarter. NFP Retirement Inc. now owns 5,684 shares of the company’s stock worth $282,000 after buying an additional 324 shares during the last quarter. Jane Street Group LLC purchased a new stake in Principal Value ETF in the second quarter worth approximately $297,000. Citadel Advisors LLC bought a new position in Principal Value ETF during the third quarter valued at approximately $803,000. Finally, Smartleaf Asset Management LLC grew its position in Principal Value ETF by 22.4% during the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock valued at $1,313,000 after acquiring an additional 4,876 shares during the last quarter.

Principal Value ETF Trading Down 0.0%

Shares of NASDAQ:PY traded down $0.02 during trading on Friday, reaching $53.05. The company had a trading volume of 8,273 shares, compared to its average volume of 32,350. The company has a fifty day moving average of $51.94 and a two-hundred day moving average of $51.22. The stock has a market capitalization of $118.30 million, a P/E ratio of 17.40 and a beta of 0.96. Principal Value ETF has a 12 month low of $42.11 and a 12 month high of $53.45.

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.