Principal Value ETF (NASDAQ:PY) Short Interest Up 1,907.9% in April

Principal Value ETF (NASDAQ:PYGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 253,000 shares, a growth of 1,907.9% from the April 15th total of 12,600 shares. Based on an average daily volume of 91,900 shares, the days-to-cover ratio is currently 2.8 days.

Shares of PY traded down $0.42 during midday trading on Wednesday, reaching $41.31. The stock had a trading volume of 193,197 shares, compared to its average volume of 78,171. Principal Value ETF has a 1-year low of $40.39 and a 1-year high of $46.17. The company’s fifty day simple moving average is $43.29 and its two-hundred day simple moving average is $43.50.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Monday, April 4th were issued a $0.147 dividend. The ex-dividend date of this dividend was Friday, April 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.42%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. raised its holdings in shares of Principal Value ETF by 65.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 7,694 shares of the company’s stock valued at $324,000 after purchasing an additional 3,043 shares in the last quarter. Capital Wealth Management LLC acquired a new stake in Principal Value ETF during the 1st quarter worth $349,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Principal Value ETF during the 4th quarter worth $804,000. Finally, Envestnet Asset Management Inc. raised its stake in Principal Value ETF by 77.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 54,300 shares of the company’s stock worth $2,415,000 after acquiring an additional 23,615 shares in the last quarter.

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