Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Rises By 206.4%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 75,107 shares, an increase of 206.4% from the February 12th total of 24,512 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 127,374 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 127,374 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

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

A number of institutional investors have recently modified their holdings of PSC. truNorth Financial Services Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $236,000. Osaic Holdings Inc. boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 16.8% in the 4th quarter. Osaic Holdings Inc. now owns 125,427 shares of the company’s stock valued at $7,243,000 after purchasing an additional 18,075 shares during the period. Advisory Services Network LLC grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 33.6% during the 4th quarter. Advisory Services Network LLC now owns 7,334 shares of the company’s stock worth $423,000 after purchasing an additional 1,846 shares in the last quarter. Royal Bank of Canada grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 7.8% during the 4th quarter. Royal Bank of Canada now owns 382,276 shares of the company’s stock worth $22,069,000 after purchasing an additional 27,617 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 26.7% during the fourth quarter. MML Investors Services LLC now owns 19,636 shares of the company’s stock worth $1,134,000 after purchasing an additional 4,132 shares during the period.

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

PSC opened at $58.17 on Thursday. The business has a fifty day simple moving average of $60.20 and a 200 day simple moving average of $58.10. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $42.36 and a 1 year high of $62.17. The company has a market capitalization of $1.65 billion, a PE ratio of 17.29 and a beta of 1.07.

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.