Principal Quality ETF (NASDAQ:PSET) Short Interest Down 48.5% in February

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 48.5% from the January 31st total of 3,300 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.5 days.

Principal Quality ETF Stock Performance

PSET traded up $0.76 during mid-day trading on Friday, reaching $70.39. 2,466 shares of the stock were exchanged, compared to its average volume of 4,271. The stock has a market capitalization of $57.72 million, a PE ratio of 28.95 and a beta of 0.94. The company has a 50 day moving average price of $72.83 and a two-hundred day moving average price of $71.64. Principal Quality ETF has a 1 year low of $62.16 and a 1 year high of $75.56.

Principal Quality ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

Hedge Funds Weigh In On Principal Quality ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in shares of Principal Quality ETF by 6.1% in the 4th quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock worth $14,485,000 after buying an additional 11,561 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Principal Quality ETF in the 4th quarter worth about $441,000. Envestnet Asset Management Inc. boosted its holdings in shares of Principal Quality ETF by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after buying an additional 3,037 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Principal Quality ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 55,404 shares of the company’s stock worth $3,965,000 after buying an additional 1,686 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Principal Quality ETF by 90.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,640 shares of the company’s stock worth $190,000 after buying an additional 1,253 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.