Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Shares Shorted: Short Interest Up 75.0% in September

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 41,843 shares, a growth of 75.0% from the August 31st total of 23,904 shares. Based on an average daily trading volume, of 196,006 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.3%

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock opened at $66.94 on Friday. The stock’s fifty day moving average is $68.72 and its two-hundred day moving average is $65.71. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $53.73 and a 52 week high of $70.90. The company has a market capitalization of $2.70 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Thursday, October 1st will be issued a $0.1257 dividend. The ex-dividend date is Thursday, October 1st. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSC. Capital Analysts LLC boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 18.4% in the 2nd quarter. Capital Analysts LLC now owns 1,462 shares of the company’s stock valued at $102,000 after buying an additional 227 shares during the period. NewEdge Advisors LLC increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 35.4% during the second quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock worth $3,340,000 after acquiring an additional 12,439 shares during the period. Allworth Financial LP purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the second quarter worth approximately $173,000. Ameritas Advisory Services LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the second quarter worth approximately $523,000. Finally, SFG Wealth Management LLC. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the second quarter valued at approximately $553,000.

About Principal U.S. Small-Cap Multi-Factor ETF

(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.

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