Principal Value ETF (NASDAQ:PY – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 26,383 shares, a decrease of 37.8% from the August 15th total of 42,408 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,959 shares, the short-interest ratio is currently 2.2 days.
Hedge Funds Weigh In On Principal Value ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in Principal Value ETF by 155.0% in 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 in the last quarter. Principal Securities Inc. lifted its stake in Principal Value ETF by 24.0% during the fourth quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after buying an additional 224,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $2,133,000 after buying an additional 40,742 shares in the last quarter. Finally, Integrity Wealth Partners LLC acquired a new position in shares of Principal Value ETF in the first quarter worth about $308,000.
Principal Value ETF Price Performance
Shares of PY traded down $0.05 during trading hours on Wednesday, hitting $57.39. 36,369 shares of the company were exchanged, compared to its average volume of 20,206. The company has a market capitalization of $234.13 million, a PE ratio of 17.40 and a beta of 0.83. The firm has a fifty day simple moving average of $56.95 and a 200-day simple moving average of $54.47. Principal Value ETF has a one year low of $50.08 and a one year high of $58.50.
About Principal Value ETF
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.
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