Principal Quality ETF (NASDAQ:PSET – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 716 shares, a growth of 1,491.1% from the July 30th total of 45 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,512 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Principal Quality ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in PSET. Principal Financial Group Inc. lifted its stake in shares of Principal Quality ETF by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock valued at $434,000 after purchasing an additional 1,090 shares during the period. Kestra Advisory Services LLC acquired a new stake in Principal Quality ETF during the fourth quarter valued at $65,000. Smartleaf Asset Management LLC grew its position in Principal Quality ETF by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after buying an additional 1,019 shares during the period. Abacus Wealth Partners LLC purchased a new position in Principal Quality ETF in the fourth quarter valued at $212,000. Finally, Farther Finance Advisors LLC raised its position in shares of Principal Quality ETF by 100.3% in the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the period.
Principal Quality ETF Stock Down 0.1%
Shares of PSET opened at $80.15 on Wednesday. The company has a market capitalization of $28.85 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. Principal Quality ETF has a 52 week low of $67.62 and a 52 week high of $81.85. The stock’s 50-day moving average price is $77.71 and its 200-day moving average price is $75.07.
Principal Quality ETF Increases Dividend
Principal Quality ETF Company Profile
The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.
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