Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Declines By 57.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 19,922 shares, a drop of 57.8% from the April 30th total of 47,210 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 96,765 shares, the days-to-cover ratio is currently 0.2 days.

Principal U.S. Small-Cap Multi-Factor ETF Stock Performance

Shares of PSC stock traded down $0.31 during trading hours on Tuesday, hitting $65.75. 93,716 shares of the company were exchanged, compared to its average volume of 165,625. The firm has a market cap of $2.07 billion, a P/E ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $50.44 and a fifty-two week high of $66.10. The company has a 50 day simple moving average of $61.80 and a two-hundred day simple moving average of $59.98.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 0.7%.

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

Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.1% during the 4th quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock worth $674,000 after buying an additional 236 shares during the period. Sheets Smith Wealth Management grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 4.6% in the 4th quarter. Sheets Smith Wealth Management now owns 11,877 shares of the company’s stock valued at $686,000 after purchasing an additional 517 shares during the period. Creative Financial Designs Inc. ADV grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 1.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock valued at $2,366,000 after purchasing an additional 585 shares during the period. Integrity Financial Corp WA grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.3% in the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock valued at $1,883,000 after purchasing an additional 722 shares during the period. Finally, SeaCrest Wealth Management LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 14.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,997 shares of the company’s stock valued at $417,000 after purchasing an additional 877 shares during the period.

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.