Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Drops By 56.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 13,313 shares, a drop of 56.8% from the June 15th total of 30,826 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 134,058 shares, the days-to-cover ratio is currently 0.1 days.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.3%

PSC stock traded up $0.22 during trading on Tuesday, hitting $68.19. 63,204 shares of the company’s stock traded hands, compared to its average volume of 156,609. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $51.34 and a 52 week high of $70.56. The stock has a fifty day moving average price of $66.40 and a two-hundred day moving average price of $62.15. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.0868 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.35 annualized dividend and a yield of 0.5%.

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

Several institutional investors have recently made changes to their positions in the stock. Brookwood Investment Group LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at approximately $992,000. Truist Financial Corp grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 3.0% in the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock worth $19,227,000 after buying an additional 9,582 shares in the last quarter. RFG Bristol Wealth Advisors LLC grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock worth $7,397,000 after buying an additional 9,888 shares in the last quarter. Greenwich Wealth Management LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 66.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock valued at $2,492,000 after acquiring an additional 17,159 shares during the period. Finally, Northwest Wealth Advisors LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $1,914,000.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.