Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 669 shares, an increase of 410.7% from the January 29th total of 131 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,551 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 2,551 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Principal Quality ETF by 100.3% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Principal Quality ETF in the fourth quarter valued at approximately $65,000. Assetmark Inc. purchased a new position in shares of Principal Quality ETF during the second quarter valued at approximately $85,000. Abacus Wealth Partners LLC purchased a new position in shares of Principal Quality ETF during the fourth quarter valued at approximately $212,000. Finally, Smartleaf Asset Management LLC boosted its position in Principal Quality ETF by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after acquiring an additional 1,019 shares during the last quarter.

Principal Quality ETF Trading Up 0.8%

Shares of NASDAQ PSET traded up $0.58 during trading on Wednesday, reaching $74.95. The company had a trading volume of 3,373 shares, compared to its average volume of 2,337. Principal Quality ETF has a twelve month low of $58.37 and a twelve month high of $78.20. The stock has a 50-day moving average price of $75.88 and a two-hundred day moving average price of $75.92. The stock has a market capitalization of $34.48 million, a PE ratio of 29.66 and a beta of 1.02.

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.