Principal Active High Yield ETF (NYSEARCA:YLD) Sees Large Increase in Short Interest

Principal Active High Yield ETF (NYSEARCA:YLD) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 111,074 shares, an increase of 489.6% from the January 15th total of 18,839 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 134,535 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 134,535 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Principal Active High Yield ETF

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Principal Active High Yield ETF by 102.9% during the first quarter. Royal Bank of Canada now owns 240,680 shares of the company’s stock valued at $4,585,000 after acquiring an additional 122,046 shares during the period. Jane Street Group LLC grew its position in Principal Active High Yield ETF by 373.7% during the 1st quarter. Jane Street Group LLC now owns 120,189 shares of the company’s stock worth $2,290,000 after purchasing an additional 94,819 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Principal Active High Yield ETF by 36.4% during the 2nd quarter. DAVENPORT & Co LLC now owns 20,708 shares of the company’s stock valued at $401,000 after purchasing an additional 5,527 shares during the period. US Bancorp DE lifted its holdings in shares of Principal Active High Yield ETF by 151.4% in the second quarter. US Bancorp DE now owns 271,307 shares of the company’s stock valued at $5,255,000 after purchasing an additional 163,383 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Principal Active High Yield ETF by 65.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 201,350 shares of the company’s stock worth $3,900,000 after buying an additional 79,853 shares during the period.

Principal Active High Yield ETF Stock Performance

Shares of NYSEARCA:YLD traded down $0.03 during trading hours on Thursday, hitting $19.16. 138,643 shares of the company’s stock traded hands, compared to its average volume of 198,181. The company’s fifty day simple moving average is $19.10 and its two-hundred day simple moving average is $19.18. Principal Active High Yield ETF has a 52 week low of $17.88 and a 52 week high of $19.48.

Principal Active High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1159 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Monday, February 2nd.

Principal Active High Yield ETF Company Profile

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs. YLD was launched on Jul 9, 2015 and is managed by Principal.