Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Decreases By 56.8%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 13,313 shares, a decrease of 56.8% from the June 15th total of 30,826 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 134,058 shares, the short-interest ratio is presently 0.1 days.

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

Shares of PSC traded up $0.25 during mid-day trading on Wednesday, reaching $68.52. The stock had a trading volume of 75,694 shares, compared to its average volume of 156,259. The business’s fifty day moving average is $66.47 and its 200 day moving average is $62.21. Principal U.S. Small-Cap Multi-Factor ETF has a 52-week low of $51.34 and a 52-week high of $70.56. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.0868 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%.

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

A number of institutional investors have recently modified their holdings of PSC. Brookwood Investment Group LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at $992,000. Truist Financial Corp boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after purchasing an additional 9,582 shares during the period. RFG Bristol Wealth Advisors LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock worth $7,397,000 after purchasing an additional 9,888 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 66.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock valued at $2,492,000 after purchasing an additional 17,159 shares during the period. Finally, Northwest Wealth Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $1,914,000.

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.