Principal Value ETF (NASDAQ:PY) Stock Short Interest Report for October

by · The Markets Daily

Principal Value ETF (NASDAQ:PY – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 10,774 shares, a decrease of 39.3% from the September 30th total of 17,750 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 26,486 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Principal Value ETF

Several hedge funds have recently modified their holdings of PY. Envestnet Asset Management Inc. boosted its holdings in Principal Value ETF by 15.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,470,675 shares of the company’s stock valued at $79,271,000 after purchasing an additional 201,803 shares during the period. Principal Financial Group Inc. raised its position in shares of Principal Value ETF by 155.0% during the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock valued at $101,636,000 after buying an additional 1,199,677 shares during the last quarter. Finally, Integrity Wealth Partners LLC acquired a new position in shares of Principal Value ETF in the first quarter valued at $308,000.

Principal Value ETF Stock Up 0.4%

PY stock traded up $0.24 during mid-day trading on Monday, reaching $58.75. 7,694 shares of the stock traded hands, compared to its average volume of 19,758. Principal Value ETF has a 52 week low of $50.08 and a 52 week high of $59.09. The business has a 50-day moving average of $57.42 and a two-hundred day moving average of $54.71. The firm has a market capitalization of $244.99 million, a PE ratio of 17.40 and a beta of 0.84.

About Principal Value ETF

(Get Free Report)

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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