Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 5,900 shares, a drop of 66.7% from the September 30th total of 17,700 shares. Based on an average trading volume of 32,800 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock valued at $690,000 after buying an additional 13,912 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 485.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after purchasing an additional 1,010,723 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 88.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after purchasing an additional 4,793 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 9,579,951 shares of the company’s stock valued at $461,419,000 after purchasing an additional 42,669 shares during the last quarter. Finally, &PARTNERS bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at approximately $729,000.

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

NASDAQ:PSC traded down $0.18 during mid-day trading on Friday, reaching $50.93. 17,263 shares of the company’s stock were exchanged, compared to its average volume of 26,264. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $37.78 and a one year high of $53.54. The firm has a market capitalization of $654.96 million, a PE ratio of 9.54 and a beta of 1.19. The business’s fifty day simple moving average is $50.96 and its two-hundred day simple moving average is $49.36.

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.