Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Short Interest Update

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 9,800 shares, a decrease of 46.2% from the October 31st total of 18,200 shares. Based on an average daily trading volume, of 65,600 shares, the days-to-cover ratio is presently 0.1 days.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ USMC opened at $59.82 on Thursday. The stock has a market capitalization of $2.63 billion, a PE ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a fifty-two week low of $44.82 and a fifty-two week high of $59.98. The business has a fifty day moving average price of $57.76 and a two-hundred day moving average price of $55.26.

Institutional Investors Weigh In On Principal U.S. Mega-Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 3.8% during the 2nd quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock worth $13,284,000 after acquiring an additional 8,872 shares during the period. Envestnet Asset Management Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 14.4% during the second quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock worth $228,485,000 after purchasing an additional 529,078 shares during the last quarter. Jackson Wealth Management LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 64.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock valued at $4,486,000 after purchasing an additional 30,714 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at $783,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 0.8% during the 2nd quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock worth $14,977,000 after buying an additional 2,204 shares in the last quarter.

About Principal U.S. Mega-Cap ETF

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.