Principal Active High Yield ETF (NYSEARCA:YLD) Shares Shorted: Short Interest Up 222.3% in October

Principal Active High Yield ETF (NYSEARCA:YLD) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 72,216 shares, an increase of 222.3% from the October 15th total of 22,409 shares. Based on an average trading volume of 221,693 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YLD. Envestnet Asset Management Inc. raised its stake in shares of Principal Active High Yield ETF by 50.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,334,582 shares of the company’s stock valued at $82,704,000 after purchasing an additional 1,446,360 shares during the period. Western Wealth Management LLC acquired a new position in shares of Principal Active High Yield ETF during the first quarter worth $530,000. Principal Financial Group Inc. boosted its stake in shares of Principal Active High Yield ETF by 4.4% in the first quarter. Principal Financial Group Inc. now owns 3,125,570 shares of the company’s stock valued at $58,919,000 after purchasing an additional 132,490 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in shares of Principal Active High Yield ETF by 6.4% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,183,372 shares of the company’s stock valued at $21,833,000 after purchasing an additional 70,815 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in Principal Active High Yield ETF by 60.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 104,007 shares of the company’s stock valued at $1,984,000 after purchasing an additional 39,129 shares in the last quarter.

Principal Active High Yield ETF Stock Performance

Shares of YLD traded down $0.07 on Thursday, reaching $18.16. The stock had a trading volume of 205,795 shares, compared to its average volume of 211,243. Principal Active High Yield ETF has a twelve month low of $18.11 and a twelve month high of $19.23. The firm has a 50-day moving average of $18.47 and a 200 day moving average of $18.86.

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.