Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Increases By 84.5%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 35,769 shares, a growth of 84.5% from the December 31st total of 19,389 shares. Based on an average trading volume of 206,662 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 206,662 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of PSC traded down $0.86 during trading hours on Friday, hitting $60.05. The stock had a trading volume of 87,880 shares, compared to its average volume of 174,224. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. The company’s fifty day moving average is $59.19 and its two-hundred day moving average is $56.79. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $42.36 and a 52 week high of $62.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSC. Principal Financial Group Inc. increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 5,849,572 shares of the company’s stock valued at $332,808,000 after buying an additional 64,391 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,225,457 shares of the company’s stock valued at $118,572,000 after acquiring an additional 353,854 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at about $75,388,000. Wealth Enhancement Advisory Services LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 796,011 shares of the company’s stock worth $47,530,000 after acquiring an additional 7,655 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 18.5% during the third quarter. Raymond James Financial Inc. now owns 560,508 shares of the company’s stock valued at $31,932,000 after purchasing an additional 87,622 shares during the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

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.