Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Posted by Charles Blunt on Jan 16th, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 40,600 shares, an increase of 40.5% from the December 15th total of 28,900 shares. Based on an average trading volume of 105,300 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $1,472,000. EP Wealth Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at $7,489,000. Stifel Financial Corp purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at $237,000. CreativeOne Wealth LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 12.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock worth $1,635,000 after buying an additional 3,158 shares during the last quarter. Finally, Retireful LLC bought a new position in Principal U.S. Mega-Cap ETF during the third quarter valued at about $468,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC stock traded down $0.09 on Thursday, hitting $60.32. The stock had a trading volume of 9,850 shares, compared to its average volume of 61,975. The business has a 50 day moving average of $60.15 and a 200 day moving average of $57.17. Principal U.S. Mega-Cap ETF has a 12-month low of $46.74 and a 12-month high of $61.98. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

About Principal U.S. Mega-Cap ETF

(Get Free Report)

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.