Principal Value ETF (NASDAQ:PY) Short Interest Up 64.4% in August

Principal Value ETF (NASDAQ:PY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 42,408 shares, a growth of 64.4% from the July 30th total of 25,800 shares. Based on an average daily volume of 13,505 shares, the short-interest ratio is currently 3.1 days. Approximately 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Principal Value ETF

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Principal Value ETF during the second quarter valued at $117,000. Jane Street Group LLC acquired a new stake in Principal Value ETF in the second quarter worth about $297,000. Smartleaf Asset Management LLC increased its position in Principal Value ETF by 22.4% in 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. Citadel Advisors LLC bought a new stake in Principal Value ETF during the 3rd quarter worth about $803,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Principal Value ETF by 30,404.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock worth $2,133,000 after purchasing an additional 40,742 shares during the last quarter.

Principal Value ETF Stock Down 0.7%

NASDAQ:PY traded down $0.39 during trading hours on Monday, hitting $57.83. 16,725 shares of the stock were exchanged, compared to its average volume of 20,724. The company’s 50 day moving average is $56.11 and its two-hundred day moving average is $54.12. Principal Value ETF has a twelve month low of $50.08 and a twelve month high of $58.45. The company has a market capitalization of $241.15 million, a P/E ratio of 17.40 and a beta of 0.83.

Principal Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.263 dividend. This is an increase from Principal Value ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.05 annualized dividend and a dividend yield of 1.8%.

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.