Short Interest in Principal Quality ETF (NASDAQ:PSET) Rises By 55.2%

Principal Quality ETF (NASDAQ:PSET) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 45 shares, a growth of 55.2% from the July 15th total of 29 shares. Based on an average daily trading volume, of 1,496 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Principal Quality ETF

Several large investors have recently modified their holdings of PSET. Raymond James Financial Inc. lifted its position in shares of Principal Quality ETF by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after purchasing an additional 1,023 shares during the period. Assetmark Inc. raised its stake in Principal Quality ETF by 26.9% in the fourth quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $111,000 after buying an additional 309 shares in the last quarter. Farther Finance Advisors LLC raised its stake in 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 buying an additional 300 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in Principal Quality ETF during the fourth quarter worth $212,000. Finally, Smartleaf Asset Management LLC boosted its position in 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 in the last quarter.

Principal Quality ETF Stock Performance

PSET opened at $80.70 on Tuesday. The company has a market capitalization of $29.05 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. Principal Quality ETF has a 12-month low of $67.62 and a 12-month high of $81.85. The business’s fifty day simple moving average is $77.10 and its 200-day simple moving average is $74.87.

Principal Quality ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.1526 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.8%. This is a boost from Principal Quality ETF’s previous quarterly dividend of $0.14. 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.