Principal Value ETF (NASDAQ:PY) Short Interest Down 38.6% in June

Principal Value ETF (NASDAQ:PY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 22,140 shares, a decline of 38.6% from the May 31st total of 36,046 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 15,783 shares, the days-to-cover ratio is currently 1.4 days.

Principal Value ETF Stock Up 1.2%

Shares of NASDAQ PY traded up $0.67 on Thursday, hitting $54.73. The company had a trading volume of 19,766 shares, compared to its average volume of 23,213. The firm has a market capitalization of $223.85 million, a P/E ratio of 17.40 and a beta of 0.83. Principal Value ETF has a 12-month low of $49.21 and a 12-month high of $54.84. The business has a 50 day moving average of $53.83 and a two-hundred day moving average of $52.99.

Principal Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be paid a $0.263 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.9%. This is a boost from Principal Value ETF’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, July 1st.

Institutional Trading of Principal Value ETF

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Principal Value ETF by 155.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after purchasing an additional 1,199,677 shares during the period. Principal Securities Inc. lifted its position in Principal Value ETF by 24.0% in the fourth quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock worth $60,419,000 after purchasing an additional 224,296 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Principal Value ETF by 30,404.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock valued at $2,133,000 after buying an additional 40,742 shares during the period. Citadel Advisors LLC bought a new position in shares of Principal Value ETF during the 3rd quarter valued at about $803,000. Finally, Kestra Advisory Services LLC acquired a new position in Principal Value ETF in the fourth quarter worth approximately $555,000.

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.