Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 13,313 shares, a drop of 56.8% from the June 15th total of 30,826 shares. Based on an average trading volume of 134,058 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $179,000. Redwood Financial Network Corp purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $218,000. Goldman Sachs Group Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $231,000. truNorth Financial Services Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $236,000. Finally, Round Rock Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $274,000.
Principal U.S. Small-Cap Multi-Factor ETF Stock Performance
NASDAQ PSC traded up $0.15 during trading hours on Thursday, hitting $68.78. The company had a trading volume of 91,123 shares, compared to its average volume of 155,772. The business has a 50 day moving average of $66.55 and a 200-day moving average of $62.28. The company has a market cap of $2.32 billion, a PE ratio of 17.29 and a beta of 1.00. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $51.34 and a 1-year high of $70.56.
Principal U.S. Small-Cap Multi-Factor ETF Cuts Dividend
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.
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