Principal Value ETF (NASDAQ:PY) Short Interest Up 54.1% in January

Principal Value ETF (NASDAQ:PY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,898 shares, a growth of 54.1% from the December 31st total of 7,719 shares. Based on an average trading volume of 9,471 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 9,471 shares, the days-to-cover ratio is currently 1.3 days.

Principal Value ETF Price Performance

Shares of PY traded up $0.23 during midday trading on Friday, reaching $52.55. The stock had a trading volume of 10,256 shares, compared to its average volume of 62,973. The company’s fifty day simple moving average is $52.50 and its two-hundred day simple moving average is $51.76. The company has a market cap of $177.11 million, a price-to-earnings ratio of 17.40 and a beta of 0.96. Principal Value ETF has a 1-year low of $42.11 and a 1-year high of $53.45.

Institutional Trading of Principal Value ETF

A number of large investors have recently bought and sold shares of PY. Raymond James Financial Inc. acquired a new stake in shares of Principal Value ETF during the second quarter worth about $117,000. NFP Retirement Inc. raised its stake in Principal Value ETF by 6.0% during the 2nd quarter. NFP Retirement Inc. now owns 5,684 shares of the company’s stock valued at $282,000 after acquiring an additional 324 shares during the last quarter. Jane Street Group LLC acquired a new stake in Principal Value ETF during the 2nd quarter worth approximately $297,000. Citadel Advisors LLC acquired a new position in shares of Principal Value ETF in the third quarter valued at approximately $803,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Principal Value ETF by 22.4% during the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after purchasing an additional 4,876 shares during the period.

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.