Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Drop in Short Interest

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,600 shares, a decline of 41.1% from the February 13th total of 19,700 shares. Based on an average trading volume of 68,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock worth $99,000 after buying an additional 1,265 shares in the last quarter. Comerica Bank acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $196,000. Stratos Investment Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $204,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $211,000. Finally, Avaii Wealth Management LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $221,000.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock opened at $48.33 on Monday. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $45.88 and a 1 year high of $57.24. The firm has a market cap of $711.42 million, a PE ratio of 15.83 and a beta of 1.19. The stock has a fifty day moving average price of $51.96 and a 200-day moving average price of $52.30.

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

The company also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.