Principal Value ETF (NASDAQ:PY) Short Interest Up 243.3% in December

Principal Value ETF (NASDAQ:PY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,300 shares, a growth of 243.3% from the December 15th total of 3,000 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised 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 purchasing an additional 21,166 shares in the last quarter. Principal Securities Inc. grew its position in shares of Principal Value ETF by 2.6% in the 3rd quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock worth $42,379,000 after buying an additional 21,608 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Principal Value ETF by 19.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 784,656 shares of the company’s stock worth $36,071,000 after buying an additional 128,901 shares during the period.

Principal Value ETF Stock Up 1.3 %

NASDAQ:PY opened at $50.30 on Thursday. Principal Value ETF has a 52 week low of $41.96 and a 52 week high of $52.63. The firm has a market capitalization of $81.99 million, a P/E ratio of 19.65 and a beta of 1.15. The company has a fifty day moving average of $50.77 and a 200 day moving average of $49.18.

Principal Value ETF Cuts Dividend

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