Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 20,413 shares, a decrease of 47.2% from the August 15th total of 38,646 shares. Based on an average daily volume of 113,973 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Principal U.S. Mega-Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in USMC. Huntington National Bank acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth $25,000. Parallel Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF in the 1st quarter valued at approximately $26,000. Abound Financial LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $29,000. Fifth Third Bancorp bought a new position in Principal U.S. Mega-Cap ETF in the first quarter valued at about $80,000. Finally, Compass Financial Management LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the 2nd quarter worth approximately $83,000.

Principal U.S. Mega-Cap ETF Stock Down 0.5%

NASDAQ USMC traded down $0.38 during trading hours on Tuesday, hitting $75.51. The company’s stock had a trading volume of 28,937 shares, compared to its average volume of 109,704. Principal U.S. Mega-Cap ETF has a twelve month low of $62.28 and a twelve month high of $77.20. The firm has a market capitalization of $5.04 billion, a P/E ratio of 27.59 and a beta of 0.95. The stock has a fifty day moving average of $75.37 and a 200 day moving average of $71.81.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.