Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Shares Shorted: Short Interest Down 36.0% in September

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 26,782 shares, a decrease of 36.0% from the September 15th total of 41,843 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 97,213 shares, the days-to-cover ratio is presently 0.3 days.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.3%

PSC stock opened at $66.65 on Friday. The stock has a market cap of $2.69 billion, a P/E ratio of 17.29 and a beta of 1.02. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $53.73 and a twelve month high of $70.90. The company’s 50 day moving average is $68.41 and its two-hundred day moving average is $66.44.

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

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

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock worth $719,094,000 after purchasing an additional 814,741 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at approximately $10,450,000. Kestra Advisory Services LLC boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 478.9% in the first quarter. Kestra Advisory Services LLC now owns 67,575 shares of the company’s stock valued at $3,874,000 after buying an additional 55,902 shares in the last quarter. Flynn Zito Capital Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $2,771,000. Finally, GTS Financial LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $1,806,000.

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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