Principal Quality ETF (NASDAQ:PSET) Sees Large Drop in Short Interest

Principal Quality ETF (NASDAQ:PSET) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7 shares, a decrease of 85.7% from the August 31st total of 49 shares. Based on an average daily volume of 1,719 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Principal Quality ETF Stock Up 0.3%

NASDAQ PSET traded up $0.24 on Friday, hitting $78.87. 2,628 shares of the stock were exchanged, compared to its average volume of 2,564. The company has a market cap of $26.82 million, a PE ratio of 29.66 and a beta of 1.00. The company has a 50-day moving average price of $79.06 and a 200-day moving average price of $75.80. Principal Quality ETF has a fifty-two week low of $67.62 and a fifty-two week high of $81.85.

Institutional Investors Weigh In On Principal Quality ETF

An institutional investor recently bought a new stake in Principal Quality ETF stock. Citadel Advisors LLC acquired a new position in shares of Principal Quality ETF (NASDAQ:PSET) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,808 shares of the company’s stock, valued at approximately $364,000. Citadel Advisors LLC owned about 1.34% of Principal Quality ETF as of its most recent filing with the SEC.

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.