Principal Active High Yield ETF (NYSEARCA:YLD) Stock Short Interest Declines 55.8%

Principal Active High Yield ETF (NYSEARCA:YLD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 22,409 shares, a drop of 55.8% from the September 30th total of 50,729 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 339,804 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Principal Active High Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Basepoint Wealth LLC acquired a new stake in Principal Active High Yield ETF during the 1st quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in Principal Active High Yield ETF in the first quarter worth $39,000. Fifth Third Bancorp bought a new stake in shares of Principal Active High Yield ETF during the first quarter worth $62,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Principal Active High Yield ETF by 17.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,370 shares of the company’s stock valued at $159,000 after buying an additional 1,267 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Principal Active High Yield ETF during the 1st quarter worth about $191,000.

Principal Active High Yield ETF Stock Performance

NYSEARCA:YLD traded down $0.03 during mid-day trading on Friday, hitting $18.39. The company’s stock had a trading volume of 296,484 shares, compared to its average volume of 202,308. Principal Active High Yield ETF has a fifty-two week low of $18.11 and a fifty-two week high of $19.27. The stock has a fifty day moving average of $18.58 and a 200-day moving average of $18.90.

About Principal Active High Yield ETF

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs. YLD was launched on Jul 9, 2015 and is managed by Principal.