Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Up 169.0% in November

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 22,600 shares, an increase of 169.0% from the October 31st total of 8,400 shares. Based on an average trading volume of 30,800 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of PSC stock opened at $56.02 on Thursday. The firm’s 50-day moving average is $52.72 and its two-hundred day moving average is $50.42. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $41.28 and a 12 month high of $57.24. The company has a market capitalization of $726.02 million, a PE ratio of 9.54 and a beta of 1.19.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake 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 valued at $499,494,000 after purchasing an additional 37,369 shares during the last quarter. Principal Securities Inc. increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.8% during the third quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock valued at $67,431,000 after acquiring an additional 35,009 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after acquiring an additional 1,010,723 shares during the period. Legacy CG LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter worth approximately $16,055,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in 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.

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.