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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 20,821 shares, an increase of 178.6% from the November 30th total of 7,474 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 123,376 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 123,376 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSC. Ameriprise Financial Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at approximately $75,388,000. Envestnet Asset Management Inc. increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,225,457 shares of the company’s stock worth $118,572,000 after buying an additional 353,854 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at $14,445,000. Raymond James Financial Inc. lifted 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 acquiring an additional 243,608 shares during the last quarter. Finally, Hudson Capital Management LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter worth $9,321,000.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.3%

NASDAQ:PSC traded down $0.15 during trading hours on Friday, hitting $59.04. 40,890 shares of the company’s stock traded hands, compared to its average volume of 110,618. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $42.36 and a 52 week high of $59.67. The business’s fifty day simple moving average is $57.25 and its two-hundred day simple moving average is $55.47. The firm has a market cap of $1.45 billion, a P/E ratio of 17.29 and a beta of 1.07.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.