Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Increases By 348.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 18,400 shares, a growth of 348.8% from the January 31st total of 4,100 shares. Based on an average trading volume of 45,800 shares, the days-to-cover ratio is presently 0.4 days.

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

NASDAQ PSC traded down $0.32 during trading hours on Wednesday, reaching $47.63. The company’s stock had a trading volume of 304,871 shares, compared to its average volume of 17,632. The firm has a fifty day simple moving average of $46.11 and a 200-day simple moving average of $42.99. The stock has a market cap of $481.06 million, a P/E ratio of 9.76 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $37.78 and a 52 week high of $48.16.

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

The firm also recently disclosed a dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, December 28th were issued a $0.1115 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $8,688,000. Principal Financial Group Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47.1% during the 4th quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock worth $422,733,000 after purchasing an additional 2,947,405 shares during the last quarter. Principal Securities Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $9,489,000. International Assets Investment Management LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $61,000. Finally, Raymond James & Associates bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $345,000.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

(Get Free Report)

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.

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