Principal Value ETF (NASDAQ:PY) Short Interest Up 44.4% in January

Principal Value ETF (NASDAQ:PY) saw a significant increase in short interest during the month of 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 currently 0.1 days. Based on an average daily volume of 300,489 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Principal Value ETF

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in Principal Value ETF during the fourth quarter valued at about $555,000. Smartleaf Asset Management LLC increased its holdings in Principal Value ETF by 2.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock worth $1,093,000 after purchasing an additional 473 shares during the period. Principal Securities Inc. grew its stake in shares of 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 during the last quarter. LPL Financial LLC lifted its holdings in shares of Principal Value ETF by 3.4% in the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock valued at $1,381,000 after purchasing an additional 863 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Principal Value ETF by 30,404.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock worth $2,133,000 after purchasing an additional 40,742 shares in the last quarter.

Principal Value ETF Price Performance

Shares of PY stock traded up $0.30 during mid-day trading on Monday, hitting $53.14. The stock had a trading volume of 13,920 shares, compared to its average volume of 47,294. Principal Value ETF has a fifty-two week low of $42.11 and a fifty-two week high of $53.96. The firm has a market cap of $187.58 million, a PE ratio of 17.40 and a beta of 0.96. The company’s 50-day simple moving average is $52.79 and its 200-day simple moving average is $51.99.

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.