Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 716 shares, an increase of 1,491.1% from the July 30th total of 45 shares. Based on an average trading volume of 2,512 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Principal Quality ETF

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in Principal Quality ETF by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock worth $434,000 after acquiring an additional 1,090 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Principal Quality ETF during the fourth quarter valued at $65,000. Smartleaf Asset Management LLC lifted its holdings in shares of Principal Quality ETF by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after purchasing an additional 1,019 shares during the period. Abacus Wealth Partners LLC bought a new stake in shares of Principal Quality ETF in the fourth quarter worth $212,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Principal Quality ETF by 100.3% in the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter.

Principal Quality ETF Stock Down 0.1%

Principal Quality ETF stock traded down $0.07 during trading hours on Tuesday, hitting $80.15. The stock had a trading volume of 333 shares, compared to its average volume of 2,585. The stock has a market cap of $28.85 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. Principal Quality ETF has a one year low of $67.62 and a one year high of $81.85. The business’s 50 day simple moving average is $77.71 and its 200-day simple moving average is $75.07.

Principal Quality ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.1526 dividend. This is an increase from Principal Quality ETF’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 1st.

About Principal Quality ETF

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.