Principal Active High Yield ETF (NYSEARCA:YLD) Sees Significant Decrease in Short Interest

Principal Active High Yield ETF (NYSEARCA:YLD) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 24,900 shares, a decrease of 78.3% from the May 15th total of 115,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 139,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Principal Active High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC raised its holdings in Principal Active High Yield ETF by 81.9% in the first quarter. GPS Wealth Strategies Group LLC now owns 5,738 shares of the company’s stock worth $109,000 after purchasing an additional 2,584 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Principal Active High Yield ETF by 16.5% in the fourth quarter. Global Retirement Partners LLC now owns 6,979 shares of the company’s stock worth $134,000 after purchasing an additional 988 shares in the last quarter. TFB Advisors LLC bought a new position in Principal Active High Yield ETF in the fourth quarter worth about $195,000. Oak Hill Wealth Advisors LLC bought a new position in Principal Active High Yield ETF in the fourth quarter worth about $209,000. Finally, Smartleaf Asset Management LLC raised its holdings in Principal Active High Yield ETF by 65.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 11,115 shares of the company’s stock worth $213,000 after purchasing an additional 4,405 shares in the last quarter.

Principal Active High Yield ETF Price Performance

NYSEARCA:YLD opened at $19.06 on Thursday. Principal Active High Yield ETF has a 1-year low of $17.88 and a 1-year high of $19.71. The company has a 50-day moving average of $18.83 and a 200 day moving average of $19.15.

Principal Active High Yield ETF Company Profile

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.