Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 30,826 shares, a growth of 128.8% from the May 31st total of 13,475 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 120,392 shares, the short-interest ratio is currently 0.3 days.
Principal U.S. Small-Cap Multi-Factor ETF Stock Performance
Shares of PSC traded up $0.80 during trading hours on Tuesday, hitting $70.18. 429,148 shares of the stock were exchanged, compared to its average volume of 159,729. The stock’s 50-day moving average price is $65.22 and its two-hundred day moving average price is $61.44. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $51.34 and a 12-month high of $70.26. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01.
Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF
A number of large investors have recently made changes to their positions in PSC. Fifth Third Bancorp acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $179,000. Redwood Financial Network Corp acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $218,000. Goldman Sachs Group Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $231,000. truNorth Financial Services Inc. purchased a new stake 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 acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $274,000.
About Principal U.S. Small-Cap Multi-Factor ETF
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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