Short Interest in Principal Quality ETF (NASDAQ:PSET) Decreases By 93.2%

Principal Quality ETF (NASDAQ:PSET) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 49 shares, a decline of 93.2% from the August 15th total of 716 shares. Based on an average trading volume of 887 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Principal Quality ETF Price Performance

Principal Quality ETF stock traded up $0.85 during mid-day trading on Friday, reaching $78.14. The stock had a trading volume of 412 shares, compared to its average volume of 2,472. The company has a market capitalization of $28.13 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 company has a 50-day moving average price of $78.76 and a two-hundred day moving average price of $75.51.

Institutional Trading of Principal Quality ETF

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in shares of Principal Quality ETF in the fourth quarter worth $65,000. Abacus Wealth Partners LLC purchased a new position in Principal Quality ETF in the 4th quarter worth about $212,000. Citadel Advisors LLC bought a new position in Principal Quality ETF during the 2nd quarter valued at about $364,000. Smartleaf Asset Management LLC boosted its holdings in shares of Principal Quality ETF by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Principal Quality ETF by 21.2% in the first 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 period.

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.