Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,000 shares, a growth of 17.6% from the February 13th total of 1,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.5 days.

Principal Quality ETF Trading Down 0.7 %

Shares of Principal Quality ETF stock traded down $0.50 on Thursday, hitting $67.22. The stock had a trading volume of 791 shares, compared to its average volume of 2,289. The stock has a market cap of $55.12 million, a price-to-earnings ratio of 26.72 and a beta of 0.94. Principal Quality ETF has a 52-week low of $62.16 and a 52-week high of $75.56. The company’s 50 day moving average price is $71.55 and its 200 day moving average price is $71.52.

Principal Quality ETF Cuts Dividend

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

Hedge Funds Weigh In On Principal Quality ETF

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. boosted its stake in Principal Quality ETF by 1.9% during the 4th quarter. Principal Securities Inc. now owns 277,335 shares of the company’s stock worth $19,849,000 after purchasing an additional 5,166 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Principal Quality ETF by 1.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after buying an additional 3,037 shares during the period. Cetera Investment Advisers boosted its stake in shares of Principal Quality ETF by 6.1% during the fourth quarter. Cetera Investment Advisers now owns 202,390 shares of the company’s stock worth $14,485,000 after buying an additional 11,561 shares during the period. LPL Financial LLC grew its holdings in shares of Principal Quality ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 55,404 shares of the company’s stock worth $3,965,000 after buying an additional 1,686 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Principal Quality ETF in the 4th quarter valued at about $2,136,000.

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.