Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 19.4% in May

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 7,500 shares, a decrease of 19.4% from the May 15th total of 9,300 shares. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is currently 0.5 days.

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

NASDAQ PSC traded down $0.75 during trading on Friday, hitting $47.06. The stock had a trading volume of 7,548 shares, compared to its average volume of 23,427. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $37.78 and a 12 month high of $49.82. The company’s 50-day moving average price is $47.90 and its two-hundred day moving average price is $46.88. The company has a market capitalization of $506.37 million, a PE ratio of 9.54 and a beta of 1.19.

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

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.0964 dividend. The ex-dividend date was Monday, April 1st.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.6% in the first quarter. Principal Financial Group Inc. now owns 9,537,282 shares of the company’s stock valued at $472,537,000 after buying an additional 335,540 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $9,489,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,741 shares of the company’s stock valued at $5,044,000 after buying an additional 5,722 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at $1,810,000. Finally, Belpointe Asset Management LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth $588,000.

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.