Principal Quality ETF (NASDAQ:PSET) Short Interest Down 77.8% in October

Principal Quality ETF (NASDAQ:PSET) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decline of 77.8% from the October 15th total of 900 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is presently 0.2 days.

Principal Quality ETF Stock Performance

Shares of PSET traded up $0.12 during midday trading on Wednesday, hitting $73.06. 1,482 shares of the company traded hands, compared to its average volume of 1,843. The stock has a market cap of $59.91 million, a price-to-earnings ratio of 30.55 and a beta of 0.94. The firm has a 50 day moving average of $70.56 and a 200-day moving average of $68.52. Principal Quality ETF has a 52 week low of $56.71 and a 52 week high of $73.40.

Hedge Funds Weigh In On Principal Quality ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Principal Quality ETF by 18.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,909 shares of the company’s stock worth $403,000 after acquiring an additional 922 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Principal Quality ETF in the 1st quarter worth about $12,677,000. Envestnet Asset Management Inc. increased its holdings in shares of Principal Quality ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 232,913 shares of the company’s stock worth $15,901,000 after buying an additional 23,372 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Principal Quality ETF by 3.7% during the 3rd quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock valued at $19,370,000 after buying an additional 9,620 shares in the last quarter.

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.