Short Interest in Principal Active High Yield ETF (NYSEARCA:YLD) Declines By 66.9%
by Scott Moore · The Cerbat GemPrincipal Active High Yield ETF (NYSEARCA:YLD – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 18,258 shares, a drop of 66.9% from the March 31st total of 55,107 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 306,925 shares, the days-to-cover ratio is currently 0.1 days.
Principal Active High Yield ETF Price Performance
YLD traded down $0.05 during midday trading on Monday, hitting $19.03. 111,163 shares of the company’s stock traded hands, compared to its average volume of 185,829. Principal Active High Yield ETF has a one year low of $18.67 and a one year high of $19.48. The stock’s fifty day simple moving average is $18.98 and its 200-day simple moving average is $19.06.
Hedge Funds Weigh In On Principal Active High Yield ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YLD. Ameriprise Financial Inc. acquired a new position in Principal Active High Yield ETF during the third quarter valued at approximately $20,503,000. Principal Securities Inc. grew its holdings in Principal Active High Yield ETF by 35.9% during the fourth quarter. Principal Securities Inc. now owns 2,872,059 shares of the company’s stock valued at $54,583,000 after purchasing an additional 759,231 shares during the last quarter. Balanced Wealth Group LLC acquired a new position in Principal Active High Yield ETF during the fourth quarter valued at approximately $13,787,000. Envestnet Asset Management Inc. grew its holdings in Principal Active High Yield ETF by 59.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,615,916 shares of the company’s stock valued at $31,428,000 after purchasing an additional 599,314 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Principal Active High Yield ETF by 246.8% during the fourth quarter. Stifel Financial Corp now owns 305,262 shares of the company’s stock valued at $5,801,000 after purchasing an additional 217,252 shares during the last quarter.
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.