Short Interest in Principal Value ETF (NASDAQ:PY) Expands By 44.4%

Principal Value ETF (NASDAQ:PY) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 17,181 shares, an increase of 44.4% from the January 15th total of 11,898 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 300,489 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 300,489 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are sold short.

Principal Value ETF Price Performance

Shares of NASDAQ:PY opened at $53.14 on Tuesday. Principal Value ETF has a 1 year low of $42.11 and a 1 year high of $53.96. The company has a market cap of $187.58 million, a P/E ratio of 17.40 and a beta of 0.96. The stock’s fifty day moving average price is $52.81 and its 200-day moving average price is $52.01.

Institutional Trading of Principal Value ETF

Large investors have recently made changes to their positions in the stock. NFP Retirement Inc. lifted its position in Principal Value ETF by 6.0% during the second quarter. NFP Retirement Inc. now owns 5,684 shares of the company’s stock valued at $282,000 after purchasing an additional 324 shares during the period. Raymond James Financial Inc. purchased a new stake in Principal Value ETF during the 2nd quarter valued at $117,000. Jane Street Group LLC bought a new position in shares of Principal Value ETF during the 2nd quarter valued at $297,000. Smartleaf Asset Management LLC lifted its holdings in shares of Principal Value ETF by 22.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock valued at $1,313,000 after buying an additional 4,876 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Principal Value ETF by 40.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock worth $41,539,000 after buying an additional 229,159 shares during the last quarter.

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.