Short Interest in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Drops By 29.6%

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 16,917 shares, a decline of 29.6% from the March 31st total of 24,013 shares. Based on an average daily volume of 178,925 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

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

Shares of NASDAQ:PSC traded up $1.26 on Thursday, hitting $63.31. 111,992 shares of the company were exchanged, compared to its average volume of 180,189. The company’s 50 day moving average price is $59.60 and its two-hundred day moving average price is $58.86. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $47.73 and a one year high of $63.90. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.1078 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, April 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Redwood Financial Network Corp bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $218,000. Goldman Sachs Group Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $231,000. Farther Finance Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth about $230,000. truNorth Financial Services Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $236,000. Finally, Round Rock Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $274,000.

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.