Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Significant Decline in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 11,000 shares, a drop of 43.6% from the May 15th total of 19,500 shares. Based on an average daily trading volume, of 79,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 1.0%

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock traded up $0.49 during trading on Monday, reaching $51.85. The company’s stock had a trading volume of 51,978 shares, compared to its average volume of 52,884. The business’s 50-day moving average price is $49.29 and its 200-day moving average price is $50.81. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $42.36 and a 52 week high of $57.24. The firm has a market cap of $800.56 million, a PE ratio of 15.83 and a beta of 1.19.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.1103 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, April 1st.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Large investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 26.9% during the 1st quarter. Arete Wealth Advisors LLC now owns 32,227 shares of the company’s stock worth $1,563,000 after acquiring an additional 6,826 shares during the period. NewEdge Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth $1,530,000. Royal Bank of Canada lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 19.7% during the first quarter. Royal Bank of Canada now owns 286,803 shares of the company’s stock worth $13,927,000 after purchasing an additional 47,239 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 68.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 11,271 shares of the company’s stock valued at $543,000 after purchasing an additional 4,567 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 170.3% during the 1st quarter. Raymond James Financial Inc. now owns 386,677 shares of the company’s stock worth $18,777,000 after buying an additional 243,608 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.