Principal Value ETF (NASDAQ:PY) Short Interest Down 29.7% in October

Principal Value ETF (NASDAQ:PY) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,600 shares, a decrease of 29.7% from the October 15th total of 3,700 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Principal Value ETF

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Principal Value ETF by 10.2% in the 2nd quarter. Principal Financial Group Inc. now owns 287,518 shares of the company’s stock valued at $13,217,000 after acquiring an additional 26,599 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Principal Value ETF by 19.7% during the second quarter. Envestnet Asset Management Inc. now owns 784,656 shares of the company’s stock valued at $36,071,000 after purchasing an additional 128,901 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Principal Value ETF by 2.6% in the third quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock valued at $42,379,000 after purchasing an additional 21,608 shares during the period.

Principal Value ETF Stock Down 0.4 %

Shares of PY stock traded down $0.23 on Thursday, hitting $51.18. The company had a trading volume of 4,724 shares, compared to its average volume of 5,243. Principal Value ETF has a twelve month low of $39.90 and a twelve month high of $51.70. The firm has a market cap of $78.30 million, a P/E ratio of 19.65 and a beta of 1.15. The company has a 50-day moving average price of $49.68 and a 200-day moving average price of $47.54.

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.