Principal Millennials Index ETF (NASDAQ:GENY) Sees Significant Decline in Short Interest

Principal Millennials Index ETF (NASDAQ:GENY) was the recipient of a large drop in short interest in May. As of May 28th, there was short interest totalling 1,400 shares, a drop of 93.8% from the May 13th total of 22,700 shares. Based on an average trading volume of 27,200 shares, the short-interest ratio is currently 0.1 days.

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in shares of Principal Millennials Index ETF by 396.7% in the 1st quarter. Jane Street Group LLC now owns 59,938 shares of the company’s stock worth $3,665,000 after buying an additional 47,871 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in Principal Millennials Index ETF during the 4th quarter valued at $1,236,000. Cambridge Investment Research Advisors Inc. raised its holdings in Principal Millennials Index ETF by 88.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,944 shares of the company’s stock valued at $750,000 after acquiring an additional 6,075 shares during the period. Flow Traders U.S. LLC bought a new stake in Principal Millennials Index ETF during the 1st quarter valued at $316,000. Finally, LPL Financial LLC bought a new stake in Principal Millennials Index ETF during the 4th quarter valued at $206,000.

Shares of GENY stock traded down $0.04 during mid-day trading on Friday, hitting $65.39. The company’s stock had a trading volume of 1,914 shares, compared to its average volume of 24,217. Principal Millennials Index ETF has a 52 week low of $40.44 and a 52 week high of $67.87. The stock’s fifty day simple moving average is $63.90.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 7th. Shareholders of record on Monday, April 5th were issued a dividend of $0.019 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 1st.

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