Principal Quality ETF (NASDAQ:PSET) Short Interest Down 88.5% in May

Principal Quality ETF (NASDAQ:PSET) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 40 shares, a decrease of 88.5% from the May 14th total of 348 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,374 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Principal Quality ETF

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

Principal Quality ETF Stock Performance

Principal Quality ETF stock traded up $0.93 during midday trading on Thursday, reaching $74.88. 1,755 shares of the stock were exchanged, compared to its average volume of 3,115. The company’s fifty day moving average is $74.20 and its 200-day moving average is $74.67. The firm has a market cap of $32.95 million, a PE ratio of 29.66 and a beta of 1.01. Principal Quality ETF has a 52 week low of $67.62 and a 52 week high of $78.20.

Principal Quality ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a dividend of $0.141 per share. This is a boost from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%.

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.