Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Stock Short Interest Report for September

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 26,782 shares, a decline of 36.0% from the September 15th total of 41,843 shares. Based on an average trading volume of 97,213 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSC. RFG Bristol Wealth Advisors LLC grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 3.7% in the 3rd quarter. RFG Bristol Wealth Advisors LLC now owns 147,921 shares of the company’s stock valued at $9,871,000 after buying an additional 5,227 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at $10,450,000. Veracity Capital LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the 3rd quarter. Veracity Capital LLC now owns 246,523 shares of the company’s stock valued at $16,450,000 after acquiring an additional 3,494 shares during the period. Capital Analysts LLC lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.4% during the second quarter. Capital Analysts LLC now owns 1,462 shares of the company’s stock worth $102,000 after acquiring an additional 227 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 35.4% during the second quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock worth $3,340,000 after acquiring an additional 12,439 shares in the last quarter.

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

NASDAQ PSC traded down $0.85 during trading on Friday, hitting $66.65. 101,246 shares of the company’s stock traded hands, compared to its average volume of 146,193. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.29 and a beta of 1.02. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $53.73 and a 12-month high of $70.90. The business has a 50 day moving average of $68.41 and a 200-day moving average of $66.44.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, October 1st were paid a dividend of $0.1257 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, October 1st. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

About Principal U.S. Small-Cap Multi-Factor ETF

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.