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 decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,400 shares, a decline of 67.4% from the December 15th total of 13,500 shares. Based on an average daily trading volume, of 47,000 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NASDAQ:PSC traded up $0.79 during midday trading on Tuesday, hitting $51.82. The company’s stock had a trading volume of 38,592 shares, compared to its average volume of 44,986. The stock’s 50 day simple moving average is $53.71 and its 200 day simple moving average is $51.61. The stock has a market capitalization of $736.88 million, a price-to-earnings ratio of 9.54 and a beta of 1.19. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $44.03 and a fifty-two week high of $57.24.

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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSC. Envestnet Asset Management Inc. lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after buying an additional 1,010,723 shares during the period. Principal Financial Group Inc. lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after acquiring an additional 37,369 shares during the period. Principal Securities Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.8% during the 3rd quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock worth $67,431,000 after purchasing an additional 35,009 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $1,151,000. Finally, International Assets Investment Management LLC raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock valued at $690,000 after purchasing an additional 13,912 shares in the last quarter.

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.