Principal Value ETF (NASDAQ:PY) Sees Large Drop in Short Interest

Principal Value ETF (NASDAQ:PY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 26,383 shares, a decline of 37.8% from the August 15th total of 42,408 shares. Based on an average daily volume of 11,959 shares, the short-interest ratio is presently 2.2 days. Approximately 0.6% of the company’s stock are short sold.

Principal Value ETF Stock Up 0.6%

Principal Value ETF stock traded up $0.32 during mid-day trading on Thursday, reaching $57.30. 14,555 shares of the company’s stock were exchanged, compared to its average volume of 20,110. The company has a market cap of $233.76 million, a P/E ratio of 17.40 and a beta of 0.83. Principal Value ETF has a twelve month low of $50.08 and a twelve month high of $58.50. The company has a fifty day moving average of $57.00 and a 200-day moving average of $54.50.

Institutional Trading of Principal Value ETF

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in Principal Value ETF by 155.0% in the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock valued at $101,636,000 after purchasing an additional 1,199,677 shares during the period. Integrity Wealth Partners LLC purchased a new stake in Principal Value ETF during the 1st quarter worth about $308,000. Principal Securities Inc. raised its position in Principal Value ETF by 24.0% in the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after purchasing an additional 224,296 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Principal Value ETF by 30,404.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock valued at $2,133,000 after purchasing an additional 40,742 shares in 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.