Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Grows By 128.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 30,826 shares, an increase of 128.8% from the May 31st total of 13,475 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 120,392 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookwood Investment Group LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $992,000. Truist Financial Corp grew its holdings in shares of 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 acquiring an additional 9,582 shares during the last quarter. RFG Bristol Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 9,888 shares during the last quarter. Greenwich Wealth Management LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 66.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock worth $2,492,000 after purchasing an additional 17,159 shares during the period. Finally, Northwest Wealth Advisors LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $1,914,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.1%

NASDAQ:PSC traded up $0.10 during mid-day trading on Monday, reaching $69.22. 77,480 shares of the stock were exchanged, compared to its average volume of 157,325. The business has a fifty day moving average price of $65.06 and a 200 day moving average price of $61.36. The firm has a market capitalization of $2.18 billion, a PE ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $51.34 and a 1-year high of $69.48.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a $0.1078 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 0.6%. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

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.