Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Drops By 67.4%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 4,400 shares, a decrease of 67.4% from the December 15th total of 13,500 shares. Based on an average daily volume of 47,000 shares, the days-to-cover ratio is presently 0.1 days.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 1.5 %

Principal U.S. Small-Cap Multi-Factor ETF stock traded up $0.79 during mid-day trading on Tuesday, reaching $51.82. The company had a trading volume of 38,592 shares, compared to its average volume of 44,986. The business has a fifty day simple moving average of $53.71 and a 200 day simple moving average of $51.61. The company has a market cap of $736.88 million, a P/E ratio of 9.54 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $44.03 and a fifty-two week high of $57.24.

Principal U.S. Small-Cap Multi-Factor ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% during the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after acquiring an additional 13,912 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 88.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after purchasing an additional 4,793 shares during the last quarter. Sigma Planning Corp increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.2% during the third quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock worth $1,688,000 after buying an additional 702 shares during the period. Arete Wealth Advisors LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth $1,151,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after buying an additional 1,010,723 shares during the period.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.