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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,000 shares, a decline of 93.5% from the June 30th total of 15,400 shares. Based on an average trading volume of 33,600 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 9,537,282 shares of the company’s stock worth $472,537,000 after acquiring an additional 335,540 shares during the period. Legacy CG LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at $16,055,000. Principal Securities Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $9,489,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 102,519 shares of the company’s stock valued at $4,934,000 after purchasing an additional 778 shares during the last quarter. Finally, &PARTNERS acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at $729,000.

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

PSC stock opened at $52.17 on Friday. The stock has a market capitalization of $634.39 million, a P/E ratio of 9.54 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $37.78 and a one year high of $52.50. The company has a 50 day moving average price of $48.72 and a two-hundred day moving average price of $47.80.

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

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a $0.0991 dividend. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.10. The ex-dividend date was Monday, July 1st.

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

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.