Principal Active High Yield ETF (NYSEARCA:YLD) Short Interest Up 303.9% in April

Principal Active High Yield ETF (NYSEARCA:YLD) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 73,741 shares, a growth of 303.9% from the April 15th total of 18,258 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 141,259 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Principal Active High Yield ETF

Several institutional investors and hedge funds have recently made changes to their positions in YLD. Royal Bank of Canada grew its holdings in shares of Principal Active High Yield ETF by 102.9% during the 1st quarter. Royal Bank of Canada now owns 240,680 shares of the company’s stock valued at $4,585,000 after purchasing an additional 122,046 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Principal Active High Yield ETF by 373.7% during the 1st quarter. Jane Street Group LLC now owns 120,189 shares of the company’s stock valued at $2,290,000 after purchasing an additional 94,819 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Principal Active High Yield ETF by 46.9% during the 2nd quarter. NewEdge Advisors LLC now owns 114,460 shares of the company’s stock valued at $2,217,000 after purchasing an additional 36,561 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Principal Active High Yield ETF by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 591,861 shares of the company’s stock worth $11,464,000 after acquiring an additional 11,559 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Principal Active High Yield ETF by 68.8% in the 2nd quarter. MML Investors Services LLC now owns 31,181 shares of the company’s stock worth $604,000 after acquiring an additional 12,704 shares during the last quarter.

Principal Active High Yield ETF Price Performance

Shares of NYSEARCA:YLD remained flat at $19.01 during trading on Thursday. 102,841 shares of the stock were exchanged, compared to its average volume of 189,230. Principal Active High Yield ETF has a 1 year low of $18.67 and a 1 year high of $19.48. The company has a 50 day moving average price of $18.95 and a two-hundred day moving average price of $19.05.

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.