Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 48.5% from the January 31st total of 3,300 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.5 days.

Principal Quality ETF Trading Up 1.1 %

Shares of Principal Quality ETF stock opened at $70.39 on Friday. The firm has a market capitalization of $57.72 million, a PE ratio of 28.95 and a beta of 0.94. The firm’s 50 day moving average is $72.83 and its 200 day moving average is $71.60. Principal Quality ETF has a 1 year low of $62.16 and a 1 year high of $75.56.

Principal Quality ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Investors Weigh In On Principal Quality ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Principal Quality ETF by 211.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock valued at $115,000 after purchasing an additional 1,089 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Principal Quality ETF during the 4th quarter worth approximately $2,136,000. Principal Securities Inc. grew its holdings in Principal Quality ETF by 3.7% during the 3rd quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock worth $19,370,000 after acquiring an additional 9,620 shares during the last quarter. Cetera Investment Advisers grew its holdings in Principal Quality ETF by 6.1% during the 4th quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock worth $14,485,000 after acquiring an additional 11,561 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Principal Quality ETF during the 4th quarter worth approximately $441,000.

About Principal Quality ETF

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.