Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Down 20.8% in April

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 17,500 shares, a decrease of 20.8% from the March 31st total of 22,100 shares. Based on an average daily volume of 111,600 shares, the short-interest ratio is presently 0.2 days.

Principal U.S. Mega-Cap ETF Trading Up 1.1 %

Principal U.S. Mega-Cap ETF stock opened at $49.93 on Friday. The stock has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $47.49. The company has a market capitalization of $2.22 billion, a PE ratio of 26.69 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12 month low of $39.38 and a 12 month high of $51.79.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.1548 per share. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Investors Weigh In On Principal U.S. Mega-Cap ETF

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in Principal U.S. Mega-Cap ETF by 37.3% during the third quarter. Commonwealth Equity Services LLC now owns 54,546 shares of the company’s stock worth $2,337,000 after buying an additional 14,823 shares during the last quarter. Raymond James & Associates grew its holdings in Principal U.S. Mega-Cap ETF by 2.4% during the 3rd quarter. Raymond James & Associates now owns 179,688 shares of the company’s stock worth $7,698,000 after acquiring an additional 4,284 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter worth about $15,430,000. J.P. Morgan Private Wealth Advisors LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF by 16.6% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 17,612 shares of the company’s stock valued at $754,000 after purchasing an additional 2,510 shares during the period. Finally, Laidlaw Wealth Management LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at about $312,000.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.