Principal Quality ETF (NASDAQ:PSET) Sees Significant Increase in Short Interest

Principal Quality ETF (NASDAQ:PSET) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 900 shares, an increase of 200.0% from the November 30th total of 300 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 0.6 days.

Principal Quality ETF Stock Performance

Shares of NASDAQ PSET traded up $0.21 during trading hours on Thursday, reaching $73.55. 730 shares of the stock were exchanged, compared to its average volume of 1,879. The firm has a market capitalization of $60.31 million, a price-to-earnings ratio of 30.55 and a beta of 0.94. The stock’s fifty day simple moving average is $72.42 and its 200 day simple moving average is $69.98. Principal Quality ETF has a 52 week low of $59.37 and a 52 week high of $74.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSET. Commonwealth Equity Services LLC grew its stake in shares of Principal Quality ETF by 18.5% in the second quarter. Commonwealth Equity Services LLC now owns 5,909 shares of the company’s stock valued at $403,000 after acquiring an additional 922 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Principal Quality ETF by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 190,042 shares of the company’s stock worth $12,974,000 after purchasing an additional 3,122 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Principal Quality ETF by 3.7% during the third quarter. Principal Securities Inc. now owns 272,169 shares of the company’s stock worth $19,370,000 after purchasing an additional 9,620 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Principal Quality ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 232,913 shares of the company’s stock valued at $15,901,000 after buying an additional 23,372 shares in the last quarter.

Principal Quality ETF Company Profile

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.