Short Interest in Principal Value ETF (NASDAQ:PY) Decreases By 17.1%

Principal Value ETF (NASDAQ:PYGet Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 8,700 shares, a decrease of 17.1% from the April 30th total of 10,500 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Principal Value ETF

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in shares of Principal Value ETF during the fourth quarter valued at about $26,516,000. Principal Financial Group Inc. purchased a new position in shares of Principal Value ETF during the fourth quarter valued at about $10,338,000. Finally, Envestnet Asset Management Inc. grew its position in shares of Principal Value ETF by 17.6% during the third quarter. Envestnet Asset Management Inc. now owns 340,470 shares of the company’s stock valued at $13,409,000 after purchasing an additional 51,041 shares in the last quarter.

Principal Value ETF Stock Up 1.4 %

PY stock traded up $0.64 during trading on Friday, reaching $45.69. The company’s stock had a trading volume of 4,183 shares, compared to its average volume of 6,206. Principal Value ETF has a 1 year low of $36.85 and a 1 year high of $46.93. The company has a market capitalization of $63.51 million, a P/E ratio of 19.65 and a beta of 1.15. The company’s fifty day moving average is $45.35 and its 200-day moving average is $44.01.

Principal Value ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a $0.2883 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from Principal Value ETF’s previous dividend of $0.26.

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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