Principal Quality ETF (NASDAQ:PSET) Short Interest Up 410.7% in February

Principal Quality ETF (NASDAQ:PSET) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 669 shares, a growth of 410.7% from the January 29th total of 131 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,551 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,551 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Principal Quality ETF Trading Down 0.6%

PSET stock traded down $0.48 during trading hours on Friday, hitting $74.53. 684 shares of the stock were exchanged, compared to its average volume of 2,310. Principal Quality ETF has a 12 month low of $58.37 and a 12 month high of $78.20. The firm has a market capitalization of $34.28 million, a P/E ratio of 29.66 and a beta of 1.02. The company has a 50-day simple moving average of $75.86 and a two-hundred day simple moving average of $75.91.

Institutional Trading of Principal Quality ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of Principal Quality ETF by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 341,140 shares of the company’s stock worth $25,108,000 after purchasing an additional 41,515 shares in the last quarter. Abacus Wealth Partners LLC bought a new stake in shares of Principal Quality ETF in the fourth quarter valued at approximately $212,000. Capital Investment Advisory Services LLC boosted its stake in shares of Principal Quality ETF by 29.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,163 shares of the company’s stock valued at $623,000 after buying an additional 1,839 shares during the period. Osaic Holdings Inc. grew its position in Principal Quality ETF by 3.2% during the second quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock worth $2,824,000 after buying an additional 1,178 shares in the last quarter. Finally, Assetmark Inc. bought a new position in Principal Quality ETF during the 2nd quarter worth $85,000.

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.