Short Interest in Principal Quality ETF (NASDAQ:PSET) Declines By 92.3%

Principal Quality ETF (NASDAQ:PSET) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 92.3% from the March 31st total of 1,300 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Principal Quality ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in Principal Quality ETF by 16.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 253,994 shares of the company’s stock valued at $13,861,000 after buying an additional 35,621 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Principal Quality ETF by 76.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 6,960 shares of the company’s stock valued at $426,000 after acquiring an additional 3,015 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Principal Quality ETF by 29.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,392 shares of the company’s stock worth $294,000 after purchasing an additional 1,238 shares in the last quarter. Principal Securities Inc. acquired a new position in Principal Quality ETF in the 4th quarter valued at about $12,520,000. Finally, Raymond James & Associates purchased a new position in Principal Quality ETF in the 4th quarter valued at about $262,000.

Principal Quality ETF Price Performance

Principal Quality ETF stock traded down $0.29 during mid-day trading on Thursday, reaching $64.14. The company had a trading volume of 3,077 shares, compared to its average volume of 2,406. The stock’s 50-day simple moving average is $66.22 and its 200-day simple moving average is $61.47. Principal Quality ETF has a 1 year low of $51.01 and a 1 year high of $68.12. The company has a market capitalization of $48.75 million, a P/E ratio of 30.37 and a beta of 0.94.

Principal Quality ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.1456 per share. The ex-dividend date was Monday, April 1st. This is a boost from Principal Quality ETF’s previous dividend of $0.12.

Principal Quality ETF Company Profile

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.