Principal Quality ETF (NASDAQ:PSET) Short Interest Up 1,491.1% in August

Principal Quality ETF (NASDAQ:PSET) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 716 shares, an increase of 1,491.1% from the July 30th total of 45 shares. Based on an average daily volume of 2,512 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Principal Quality ETF Price Performance

Shares of NASDAQ:PSET opened at $80.27 on Thursday. Principal Quality ETF has a 1 year low of $67.62 and a 1 year high of $81.85. The company has a market capitalization of $28.90 million, a PE ratio of 29.66 and a beta of 1.00. The business has a fifty day moving average price of $77.82 and a two-hundred day moving average price of $75.12.

Principal Quality ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a $0.1526 dividend. This is an increase from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of Principal Quality ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Principal Quality ETF by 100.3% during the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock valued at $46,000 after acquiring an additional 300 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Principal Quality ETF in the 4th quarter worth approximately $65,000. Abacus Wealth Partners LLC bought a new stake in shares of Principal Quality ETF in the 4th quarter worth approximately $212,000. Smartleaf Asset Management LLC lifted its stake in Principal Quality ETF by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock valued at $392,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Principal Quality ETF by 21.2% in the first quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock valued at $434,000 after purchasing an additional 1,090 shares during the last quarter.

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.