Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,000 shares, a drop of 93.5% from the June 30th total of 15,400 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 9,537,282 shares of the company’s stock worth $472,537,000 after acquiring an additional 335,540 shares during the last quarter. Legacy CG LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $16,055,000. Principal Securities Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $9,489,000. Wealth Enhancement Advisory Services LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 102,519 shares of the company’s stock valued at $4,934,000 after purchasing an additional 778 shares in the last quarter. Finally, &PARTNERS bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $729,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 1.9 %

Shares of NASDAQ:PSC traded up $0.97 during trading on Friday, hitting $52.17. 20,906 shares of the company’s stock traded hands, compared to its average volume of 23,372. The company has a 50-day moving average price of $48.66 and a 200-day moving average price of $47.75. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $37.78 and a 52 week high of $52.50. The company has a market cap of $634.39 million, a price-to-earnings ratio of 9.54 and a beta of 1.19.

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

The business also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a $0.0991 dividend. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.10. The ex-dividend date was Monday, July 1st.

About Principal U.S. Small-Cap Multi-Factor ETF

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.