Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 20.0% in March

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 24,013 shares, an increase of 20.0% from the March 15th total of 20,017 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 111,413 shares, the short-interest ratio is presently 0.2 days.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock traded up $1.25 on Friday, hitting $62.83. 96,746 shares of the company traded hands, compared to its average volume of 187,423. The stock has a market capitalization of $1.97 billion, a P/E ratio of 17.29 and a beta of 1.00. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $44.22 and a 52 week high of $63.31. The business has a 50-day simple moving average of $59.17 and a 200 day simple moving average of $58.46.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.1078 per share. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 0.7%.

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

Several hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 788,356 shares of the company’s stock valued at $44,321,000 after acquiring an additional 12,554 shares during the last quarter. Osaic Holdings Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 25.4% during the second quarter. Osaic Holdings Inc. now owns 99,943 shares of the company’s stock valued at $5,326,000 after purchasing an additional 20,253 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at about $2,302,000. RFG Bristol Wealth Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at about $6,736,000. Finally, Brookwood Investment Group LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $992,000.

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.