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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 24,512 shares, a decrease of 39.7% from the January 29th total of 40,649 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 206,571 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 206,571 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 40.2% during the second quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock worth $73,000 after buying an additional 390 shares in the last quarter. Redwood Financial Network Corp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $218,000. Goldman Sachs Group Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth approximately $231,000. Farther Finance Advisors LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at approximately $230,000. Finally, truNorth Financial Services Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $236,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 2.5%

NASDAQ PSC opened at $60.24 on Friday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. The business’s 50 day moving average is $60.16 and its two-hundred day moving average is $57.81. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $42.36 and a 12-month high of $62.17.

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.