Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Short Interest Update

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,900 shares, a decrease of 66.7% from the September 30th total of 17,700 shares. Based on an average daily trading volume, of 32,800 shares, the short-interest ratio is currently 0.2 days.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock traded down $0.18 during trading on Friday, reaching $50.93. The company had a trading volume of 17,263 shares, compared to its average volume of 26,264. The company has a market cap of $654.96 million, a price-to-earnings ratio of 9.54 and a beta of 1.19. The firm’s fifty day moving average is $50.96 and its 200-day moving average is $49.36. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $37.78 and a fifty-two week high of $53.54.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock worth $58,667,000 after purchasing an additional 1,010,723 shares during the last quarter. Legacy CG LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $16,055,000. Principal Financial Group Inc. grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 9,579,951 shares of the company’s stock worth $461,419,000 after purchasing an additional 42,669 shares during the last quarter. &PARTNERS bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $729,000. Finally, International Assets Investment Management LLC grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after purchasing an additional 13,912 shares during the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.