Principal Value ETF (NASDAQ:PY) Short Interest Down 56.8% in December

Principal Value ETF (NASDAQ:PY) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 7,719 shares, a decline of 56.8% from the December 15th total of 17,883 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 9,458 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 9,458 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Principal Value ETF Price Performance

PY stock traded down $0.23 during trading on Friday, hitting $52.61. The stock had a trading volume of 4,606 shares, compared to its average volume of 9,001. Principal Value ETF has a twelve month low of $42.11 and a twelve month high of $53.45. The company’s 50-day moving average price is $52.25 and its two-hundred day moving average price is $51.61. The stock has a market capitalization of $126.80 million, a P/E ratio of 17.40 and a beta of 0.96.

Institutional Investors Weigh In On Principal Value ETF

A number of hedge funds have recently modified their holdings of PY. Envestnet Asset Management Inc. lifted its position in Principal Value ETF by 40.8% in the third quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after buying an additional 229,159 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Principal Value ETF in the 3rd quarter valued at approximately $803,000. Jane Street Group LLC purchased a new stake in shares of Principal Value ETF in the 2nd quarter valued at approximately $297,000. Smartleaf Asset Management LLC lifted its holdings in shares of Principal Value ETF by 22.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after acquiring an additional 4,876 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF during the 2nd quarter worth approximately $117,000.

About Principal Value ETF

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.