ember-pikaday loosing a day

I'm trying to use ember-pikaday, but I'm having issues with it not displaying the correct date. Every time the date it displays, its the previous date of the actual date. For example if the date is 04/06/2016, it displays 04/05/2016. Below is the code that I am using, I have noticed though that if I replace value with placeholder, then the date does display correctly, just not in the right format, i.e. 2016-04-06. What's going on here?

{{pikaday-input id="effectiveDate" name="effectiveDate" class="form-control textCenter" format="MM/DD/YYYY" value=model.effectiveDate firstDay=0 disabled=isDisabledDate}}