Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Growth in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 27,474 shares, a growth of 106.4% from the June 30th total of 13,313 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 219,443 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter valued at $179,000. Redwood Financial Network Corp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth $218,000. Goldman Sachs Group Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth $231,000. truNorth Financial Services Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $236,000. Finally, Round Rock Advisors LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $274,000.

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

PSC traded down $0.13 on Thursday, hitting $67.88. 20,964 shares of the company were exchanged, compared to its average volume of 152,519. The firm has a fifty day simple moving average of $67.40 and a two-hundred day simple moving average of $62.94. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $51.34 and a 12 month high of $70.56. The stock has a market capitalization of $2.22 billion, a PE ratio of 17.29 and a beta of 1.00.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.0868 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Principal U.S. Small-Cap Multi-Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal U.S. Small-Cap Multi-Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.