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 growth in short interest in November. As of November 15th, there was short interest totalling 22,600 shares, a growth of 169.0% from the October 31st total of 8,400 shares. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NASDAQ:PSC traded up $0.17 during mid-day trading on Friday, hitting $56.19. The stock had a trading volume of 19,221 shares, compared to its average volume of 26,412. The company’s 50 day moving average is $52.88 and its 200-day moving average is $50.52. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $41.51 and a 12-month high of $57.24. The company has a market cap of $728.22 million, a PE ratio of 9.54 and a beta of 1.19.

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

Several large investors have recently added to or reduced their stakes in PSC. Principal Financial Group Inc. boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the third quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after buying an additional 37,369 shares during the period. Principal Securities Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.8% during the 3rd quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock worth $67,431,000 after acquiring an additional 35,009 shares during the period. Envestnet Asset Management Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after acquiring an additional 1,010,723 shares in the last quarter. Legacy CG LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $16,055,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.8% in the 2nd 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 during the period.

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.