Short Interest in Principal Quality ETF (NASDAQ:PSET) Drops By 93.2%

Principal Quality ETF (NASDAQ:PSET) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 49 shares, a decline of 93.2% from the August 15th total of 716 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 887 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Principal Quality ETF

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of Principal Quality ETF during the 2nd quarter valued at $364,000. Abacus Wealth Partners LLC acquired a new stake in Principal Quality ETF in the fourth quarter worth $212,000. Principal Financial Group Inc. grew its holdings 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 worth $434,000 after purchasing an additional 1,090 shares during the period. Raymond James Financial Inc. increased its stake in Principal Quality ETF by 13.3% in the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 in the last quarter.

Principal Quality ETF Stock Performance

Shares of NASDAQ:PSET traded down $0.27 during trading on Thursday, reaching $77.28. The stock had a trading volume of 2,456 shares, compared to its average volume of 2,485. Principal Quality ETF has a 52 week low of $67.62 and a 52 week high of $81.85. The firm’s fifty day moving average is $78.76 and its 200 day moving average is $75.51. The stock has a market cap of $27.82 million, a price-to-earnings ratio of 29.66 and a beta of 1.00.

Principal Quality ETF Company Profile

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.