Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Down 30.9% in January

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 10,500 shares, a decline of 30.9% from the January 15th total of 15,200 shares. Based on an average trading volume of 49,500 shares, the days-to-cover ratio is currently 0.2 days.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.8 %

PSC traded down $0.44 during trading on Friday, reaching $53.66. 28,172 shares of the company were exchanged, compared to its average volume of 48,099. The stock has a market cap of $789.88 million, a P/E ratio of 9.54 and a beta of 1.19. The firm has a 50 day moving average of $52.85 and a 200 day moving average of $52.17. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $45.88 and a 52 week high of $57.24.

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

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSC. Capital Investment Advisory Services LLC boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock worth $99,000 after acquiring an additional 1,265 shares during the period. Comerica Bank acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $196,000. Stratos Investment Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $204,000. SeaCrest Wealth Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $211,000. Finally, Avaii Wealth Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $221,000.

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.