Principal Value ETF (NASDAQ:PY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 26,383 shares, a decline of 37.8% from the August 15th total of 42,408 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 11,959 shares, the days-to-cover ratio is presently 2.2 days.
Principal Value ETF Stock Down 0.6%
Principal Value ETF stock traded down $0.36 during mid-day trading on Friday, hitting $56.91. The company had a trading volume of 13,554 shares, compared to its average volume of 20,115. Principal Value ETF has a 1 year low of $50.08 and a 1 year high of $58.50. The business has a fifty day moving average of $57.05 and a 200 day moving average of $54.52. The stock has a market cap of $237.31 million, a price-to-earnings ratio of 17.40 and a beta of 0.83.
Hedge Funds Weigh In On Principal Value ETF
Several large investors have recently bought and sold shares of the stock. Integrity Wealth Partners LLC acquired a new stake in shares of Principal Value ETF in the 1st quarter valued at about $308,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 period. Principal Securities Inc. grew its position in Principal Value ETF by 24.0% during the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock worth $60,419,000 after purchasing an additional 224,296 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Principal Value ETF by 155.0% in the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock valued at $101,636,000 after purchasing an additional 1,199,677 shares during the period.
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.
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