Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 19,922 shares, a drop of 57.8% from the April 30th total of 47,210 shares. Based on an average daily trading volume, of 96,765 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

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

PSC traded up $0.16 during trading on Friday, reaching $66.06. 114,903 shares of the company traded hands, compared to its average volume of 166,330. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $50.44 and a 12-month high of $66.10. The firm has a fifty day simple moving average of $61.63 and a 200 day simple moving average of $59.90. The company has a market cap of $2.08 billion, a P/E ratio of 17.29 and a beta of 1.01.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.1078 per share. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.43 dividend on an annualized basis and a yield of 0.7%.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of institutional investors have recently added to or reduced their stakes in PSC. Principal Financial Group Inc. grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 100.6% during the 4th quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after buying an additional 5,885,091 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at approximately $75,388,000. LPL Financial LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the fourth quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after purchasing an additional 297,560 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock valued at $59,504,000 after purchasing an additional 289,331 shares in the last quarter. Finally, Veracity Capital LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $15,270,000.

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.